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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 Buyreallowon Feb 25, 2022 9:27am
132 Views
Post# 34461041

Q4 resultsrev

Q4 resultsrevQ4 avg production 18229 boe   current prod 19000
fy 2021 net op income $66 million projecting $150.3  US Dollars)
35% of 2022 production hedged at very high prices.
Projected NOI for 2022 would seem to indicate a very large dividend increase some time in 2022
The 2021 dividends were 
3.41mm pounds.  Thats only 4.5 million US$  30% of $150 would provide $45 million for dividends, which could mean 34 mm pounds a 10 fold increase.  
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