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 > Gran Tierra Energy to Acquire i3 Energy plc

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Comment by mjh9413on Aug 20, 2024 1:00pm

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Post# 36188190

RE: Gran Tierra Energy to Acquire i3 Energy plc

It's all for the wrong reasons and, since I would never buy GTE, I am totally against the deal. Even with today's sp drop of GTE it is overvalued in my estimation and its debt and undertakings in South America are simply not good elements. ITE would be much better off with another company already in Canada and particularly in its main area. GTE is just not a god fit IMO and I don't get the CFD commitments when the non-CFD parts are the same holders to a large extent. Seems to me a way to allow the deal to be quashed at GTE's option.

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