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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

Comment by TVRon Sep 15, 2024 2:09pm
164 Views
Post# 36224577

RE:vote on take over

RE:vote on take overJust voted all my shares in 4 different accounts (around 400k total) as NO to both motions.  I bought ITE as a dividend payer and have no interest in GTE shares.  The GTE bid is very low on  a producing barrel basis and even lower if  you back out the value of the non-producing Montney and Clearwater land holdings + the valuable Montney royalty position.  Will be very sur[rised if somebody does not step up and offer more, but given the current low oil and gas pricing another offer may not happen.  I am happy top keep my ITE shares and see what materializes when pricers recover and they start to get some development of the Montney and Clearwater lands.
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