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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 16, 2022 4:18pm
186 Views
Post# 34435299

Glasshalfull ;

Glasshalfull ;I completely agree with you. Can you imagine the cashflow flowing threw this company.. Yearly, I figure somewhere around 200 million dollars. Can you imagine that . This little nothing 30 cent company spinning that kind of cash out . Wow ! The only negative thing going against this company is the share total.. I figure their going to be making mass share buybacks or a reverse split. I think for the company the reverse split is the way to go . Personally, I don't like going through reverse splits . I've never come out on top of a reversal . EVER ! Mind you a 5 for 1 wouldn't be too bad . A 10 for 1 would be too big for me . How do you feel about the reversal of shares??
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