I3 Energy PLC V.SH21062102

Primary Symbol: T.ITE

Energy Oil & Gas E&P

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.

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I3 Energy PLC

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Post by Proseleneson Sep 13, 2022 6:01am

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Post# 34958679

In The Times........

https://www.thetimes.co.uk/article/i3-energy-to-drill-at-new-prospect-2tsfpzc9c

I3 Energy to drill at new prospect

Greig Cameron
Tuesday September 13 2022, 12.01am BST, The Times

An oil and gas firm has confirmed it is on course to start drilling at a North Sea prospect this month.

I3 Energy said that if there is a positive result from the Serenity prospect it will then look to start planning for a full field development.

That came as the company announced it had more than trebled its revenue in the first six months of the year from £26.5 million to £101.6 million. It booked a £20.3 million pre-tax profit for the period, compared with a £7.8 million loss a year earlier.

I3 has its headquar.........

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