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I3 Energy PLC V.SH21062102


Primary Symbol: T.ITE

i3 Energy plc is an independent oil and gas company with assets and operations in the United Kingdom and Canada. The Company's principal activities consist of oil and gas production in the Western Canadian Sedimentary Basin (WCSB) and appraisal of oil and gas assets on the United Kingdom Continental Shelf (UKCS). The Company's wholly owned subsidiaries i3 Energy North Sea Limited and i3 Energy Canada Limited are independent oil and gas companies with appraisal assets in the United Kingdom and producing assets in Canada, respectively. It holds the P.2358 license in the UKCS which contains the Serenity field discovery. This licence also contains the Liberator field discovery and the Minos High prospect. The Company holds various mineral licenses across its main operating areas in the WCSB, being Wapiti, Simonette, Clearwater, and Central Alberta. The Company's Canadian production asset base consists of over 850 net conventional oil, natural gas and natural gas liquids production wells.


TSX:ITE - Post by User

Post by 1rockiton Jan 31, 2022 4:30pm
206 Views
Post# 34380992

Drunkatnoon ;

Drunkatnoon ;Yes , at this point I would agree to kind of disagree.. The company at this point is almost 50/50 gas , oil . BUT I think you should take a look at a 5 year graph on the Nat.Gas prices.. Roughly 2 years ago nat gas did hit a low of $2.00 pqf . But since the summer of 2020 the price of nat gas has gone nowhere but up . Nov of this last year it hit $6.00 per cubic foot..What's that 300% higher! I'm sure their netbacks are pretty promising.. Not only that , their North Sea assets are kick a s s . I think we're going to hear all about those assets very soon . With all this free cashflow I'm sure there trying to increase their barrels per day the quickest way possible . There's no better way of doing this than for them to pop a few more holes in the North Sea.. Those are the type of holes that can produce 10 or 20 thousand barrels a day for a very long time . Seeing as though they've already derisked the entire North Sea play, I'm sure their pretty eager to maybe not just prove up what they know they've already got but to also put a few thousand barrels on line .. If they announce their drilling in the North Sea , I believe the stock will react very favorably.. Cheers
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