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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 Feb 03, 2022 1:07pm
294 Views
Post# 34393792

$$ ;

$$ ;I just read that ite said back in Nov of last year if we were to see a rise in the oil prices ( $70.00 ) to $80.00 and natural gas at $2.70 the company would be spinning off 244 million p/year . Is that not amazing. A little .27 per share company could generate a qwarter of a billion dollars a year . And that forecast was based on $80.00 oil and $2.70 per cubic meter natural gas.. Well rite now as I rite this oil is trading at $90.00 per barrel and natural gas is trading at $5.50 ,100% higher price than what they used as their very high est . They said they would increase dividends..Personally I'd rather see them develop more of North Sea program.. Thars what would get this stock moving. Anyways, pretty amazing isn't it. Cheers
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