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.

TSX:ITE - Post by User

I3 Energy PLC > ITE

<< Previous

Bullboard Posts

Next >>

Comment by PabloLafortuneon Jul 31, 2023 11:39am

276 Views

Post# 35564821

RE:RE:ITE

I looked at this, I don't think this is a viable operation long term, cost structure is way too high plus they have no money for capex. I have absolutely no clue what the assets could be worth in a sale process. Btw, the Chairman of the Board Festival (bought $100K worth of shares recently) was CEO of Blackpearl until it was acquired by IPCO in 2017.

<< Previous

Bullboard Posts

Next >>

Calibre discovers significant gold in Newfoundland