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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

Comment by Buyreallowon Apr 16, 2022 6:59am
217 Views
Post# 34607295

RE:Buyreallow ;

RE:Buyreallow ;I3 has booked capex spending for 2022 at $43 million.  $37 million for drilling. $6 million for maintenance and other well work.  This is expected to produce about 5200 boe, to reach Peak production of about 21000 boe.  The previous year production will be depleted or declined by a similar amount.  That's normal for the WCSB.  I do believe, however, that they will spend some more on a few new wells given the large cash flow windfall they are enjoying.  And likely will see a dividend increase as well
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