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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 Proseleneson Oct 02, 2022 7:52pm
300 Views
Post# 35000622

Reminder summary.......

Reminder summary.......
As a reminder :

Year end 2022 we will have........

Production will be circa 24K boepd (currently 21K+)

Monthly dividend of 0.1425p per share

Debt free

Net cash

Generating lots of FCF

Revenues in Dollars.

Assets valued in Dollars.

Many hundreds of drilling locations to keep increasing production, to 30K boepd and to 40K boepd ahead......

Increasing ownership of Clearwater play, the most economic of all North American oil plays.


And - pending drilling results from Serenity - potentially the first resources associated with the North Sea - all current resource estimates have zero attributed to any North Sea asset.
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