I3 Energy (I3E) RNS Announcements
Add to Alert listi3E is a London and Toronto listed energy company with a diverse, full-cycle portfolio of assets in the Western Canadian Sedimentary Basin and UK North Sea.
i3 has 2P reserves in Canada of approximately 154 MMboe and produces over 22,000 boepd from large contiguous holdings in some of the WCSB’s most economic play types, with material upside deliverable through the Company’s sizeable, operated positions at Simonette (Montney) and Marten Hills (Clearwater). i3 produces from over 700 net long-life, low-risk and low-decline wells, spanning over 625,000 net acres, providing steady income that can be distributed to shareholders, used to fund the development of its prolific inventory, or to pursue farm-in and M&A opportunities.
In the UKNS, i3 owns and operates block 13/23c which encapsulates the company’s 2019 Serenity oil discovery and also the highly-prospective Minos High area. The company’s North Sea strategy focuses on the development of existing discoveries that are located proximal to existing infrastructure in order to minimise development capital and maximise economic recovery.
i3 is committed to returning value to shareholders through the deployment of its growth model, by way of growth-related share price appreciation, monthly dividend distributions, and opportunistic share buybacks.
i3e listed on AIM in 2017 at 31p.
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