I3 Energy Ord Shs T.ITE

Alternate Symbol(s): ITEEF

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 Ord Shs > What exactly is the offer

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Comment by mjh9413on Sep 12, 2024 10:58am

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Post# 36220305

RE:RE:RE:RE:RE:RE:What exactly is the offer

so, maybe another $200MM US debt (wud be nice to know how much extra debt GTE is taking on) in the company whose shares we are meant to feel good about getting!!!! Just makes the deal stink even more but the trouble is there is no way out as GTE shares become even less attrative option and the deal locks us in. Now, I would saythat if the deal is withdrawn rather than improved in terms of cash amount/shar proportions and no other bid materialises, ITE will sink, so the devil and deep blue sea get wider and it would have been better if deal had never been announced. It has always been for the wrong reasons. Maybe I'll just throw in the towel.... .

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