Company
i3 Energy PLC
LON:I3E
i3 Energy is an oil and gas company with a low cost, diversified, growing production base in Canada's most prolific hydrocarbon region, the Western Canadian Sedimentary Basin and appraisal assets in the North Sea with significant upside. The company is well positioned to deliver future growth through the optimisation of its existing 100% owned asset base and the acquisition of long life, low decline conventional production assets.
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Malcy's Blog - Oil price, Petrofac, i3, Trinity. And finally…
WTI (May) $81.53 +$1.79, Brent (June) $85.61 +$1.43, Diff -$4.08 -36c. USNG (May) $2.19 +2c, UKNG (May) 104.0p +5.0p, TTF (May) €43.375 €-0.05.Oil priceOil rose again, data from the east was positive, China backed up good economic news and
i3 Energy hits new record for quarterly production
The company's chief executive Majid Shafiq described the quarter as “another extremely busy operational period”
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Malcy's Blog - Oil price, Zephyr, i3/Europa, Cornerstone. And finally…
WTI (Nov) $92.64 +4.19, Brent (Dec) $97.92 +$3.50, Diff -$5.28 -69c. USNG (Nov) $6.74 -23c, UKNG (Nov) 270.0p -31.16p, TTF (Nov) €150.505 -€14.14.Oil priceA cracking week for oil which made all the energy companies at Africa Oil Week remark
i3 Energy and Europa Oil & Gas disappointed by Serenity appraisal well results
The well results will still allow the partners to proceed with the planning and evaluation of a preferred development option for the Serenity discovery
i3 Energy announces board changes as Graham Heath departs to focus on health
“With many exciting deliverables ahead, trying to find the right time to depart this dynamic business has been difficult," Graham Heath said
i3 Energy production rises to 22,000 barrels daily in September
Some 20 wells gross have now been added as part of i3's expanded 2022 drilling programme
These four AIM North Sea oil stocks are set for a big end to 2022
Here, we take a look at what’s occurring and what catalysts investors ought to watch for.
i3 Energy spuds first North Sea well under Liz Truss's watch
Drilling is expected to last approximately 30 days with the well to be plugged and abandoned after completion of all drilling operations
i3 Energy to spud Serenity well in next few days
Drilling is expected to last approximately 30 days
i3 Energy pleased with solid interim results
“We have made great strides in executing efficiently on our operated drilling program in Canada," Majid Shafiq said.
i3 Energy production increases, Serenity spud on track
i3 recently increased its minimum annual dividend to be paid in 2022 by 25%
Europa Oil & Gas and i3 Energy complete Serenity deal
“The next significant step is to drill the appraisal well, which is on track for spud in September," said i3 Energy chief Majid Shafiq
i3 Energy unveils monthly dividend payment totalling £1.7mln
On Wednesday morning, its shares rose 2.7% to 25.2p
i3 Energy focused on methane reduction as it unveils ESG plans
Methane emissions fell by 34% in 2021 compared to the previous year.
i3 Energy contracts Petrofac for Serenity well as countdown continues
“Operations planning is well underway, and we are on track to spud the Serenity appraisal well in early September," said i3 CEO Majid Shafiq
i3 Energy shares boosted as dividend raise is confirmed
Today's dividend raise was hinted at in Monday's first-quarter update, which forecast US$241mln of net operating income for 2022
i3 Energy expands growth programmes in Canada amid strong performance
A decision to expand the programme comes amid high prices and as wells in last year's programme met or exceeded expectations
i3 Energy shareholder banks £16mln of proceeds in share sale
The company's largest shareholder has trimmed its stake through an organised share sale.
Europa and i3 Energy ink partnership for North Sea project
“Serenity is a late-stage appraisal and development asset that provides our shareholders with exposure to a very exciting asset that could deliver significant near-term value."
i3 Energy results confirm 'very significant growth' in 2021
Revenues and income surged last year after the North Sea field developer turned its hand to Canadian production in late 2020 and spent last year adding to and ramping up operations
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Malcy's Blog - Oil price, VOG, i3, Arrow, Empyrean. And finally...
Oil price, VOG, i3, Arrow, Empyrean. And finally…WTI $99.27 -$1.01, Brent $104.39 -32c, Diff -$5.12 +69c, NG $5.72 +8c, UKNG 260.0p -45.0pOil priceOil fell last week, WTI was down $14.63 and Brent fell $16.26. The reasons were well telegrap
i3 Energy ups revenue forecast by 28% as Canadian production soars
"i3 Canada is pleased to deliver record production exceeding 20,000 boepd"
i3 Energy and Europa team for Serenity project in North Sea
“This well will provide critical information which will help us to delineate the size of this potentially very large discovery and move it towards development,” said Majid Shafiq, i3 chief executive.
i3 Energy upgrades expectations amid bumper Q4 production and rising oil prices
Production in Q4 amounted to 18,229 boepd, generating around US$57mln of revenue.
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Oil price, Video, i3. And finally…
Oil rallied a touch yesterday but as mentioned here rather joined in the US inflation trauma. To be honest not much has changed, as I say in my interview below the two big fundamentals ie The Ukraine and the US/Iran talks dominate short ter
I3 Energy Plc set for very positive catalysts - stockbroker
WH Ireland and SP Angel both took a positive view of I3 as it continues to ramp up production in Canada.
i3 Energy details Phase One drill campaign, “very pleased” with first operated well
"We are very pleased to have successfully completed drilling operations on our first new operated well," said chief executive Majid Shafiq.
i3 Energy to invest US$47mln to drill new Canadian wells in 2022
“The programme will target low risk, high return production," highlighted chief executive Majid Shafiq.
i3 Energy to boost shareholder returns with £2.2mln interim dividend
“We will continue our efforts in the remainder of 2021 and beyond to grow our production business and build the scale required to efficiently and effectively maximise and sustain value creation," said chief executive Majid Shafiq.
i3 Energy completes Alberta asset acquisition
"The company is very pleased to have closed this strategic acquisition," said chief executive Majid Shafiq
I3 Energy tipped to elevate cash flows through rest of 2021
“We expect the company to grow its cashflow further over the course of 2021 and beyond from drilling more wells than we have assumed and through securing more value accretive acquisitions,” Long said.
i3 Energy boosted by another intensely active period
In July, the company produced an average of 10,031 boepd.
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A look at some of the major movers in London on Monday
i3 Energy completes two producing wells at Marten Hills project
"We are very pleased to have successfully concluded drilling, completion and tie-in operations on the first two wells in the company's Marten Hills Clearwater acreage," said Majid Shafiq
i3 Energy completes first new wells at Marten Hills Clearwater
The acquired production operation in Canada is seeing traction, with the first two new wells now drilled
i3 Energy to expand Canadian production as it agrees asset acquisition
The company continues to build and grow a material and diversified production business, highlighted chief executive Majid Shafiq.
I3 Energy 'very pleased' with drilling outcome at first Marten Hills Clearwater well
"Apart from periods of facility maintenance, production levels in Q2 have consistently been above 9,000 boepd," said CEO, Majid Shafiq
i3 Energy to acquire part of Wapiti production
The oil and gas company also updated on the court hearing on capital reduction plans
i3 Energy brings new gas well on stream at Noel
i3 Energy is an independent oil and gas company with assets and operations in the UK and Canada
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Small Cap Wrap - Anpario, DeepMatter, Fulcrum Utility Services and more...
2020 year-end reserves for its subsidiary i3 Energy Canada Ltd. The Before-tax Net Present Value of cash flows attributable to the reserves, discounted at 10%, is USD 97mm for the Proved Reserves (1P) and USD 183mm for the Proved plus Proba
i3 Energy set to boost production in Canada with drilling and dealing
"i3 is continuing to deliver on its stated strategy of economics-driven buying or building, dependent on attainable metrics,” said chief executive Majid Shafiq.
i3 Energy doubles stake in South Simonette project
"The acquisition of this operated working interest in South Simonette is not only a very accretive addition to our production portfolio, but also highly strategic for i3,” said Majid Shafiq
i3 Energy advances towards dividends as it reworks Baker Hughes contract terms
"We are pleased to have reached this important milestone which enables us to proceed with our promised dividend strategy," said Graham Heath
i3 Energy says production is outperforming expectations
Output continues to be ahead of the rates anticipated last year, when the company committed to the asset acquisitions in Canada.
i3 Energy to rejig balance sheet as it confirms maiden dividend
"We are close to entering the final stages of the process to allow the declaration and payment of our maiden dividend," said Majid Shafiq.
i3 Energy says Canadian assets continue to meet or beat expectations
"We remain very pleased with the performance of our Canadian assets," said Majid Shafiq
i3 Energy is growing a production base in Canada
Candaa and North Sea-focused oil and gas junior with production and exploration acreage
i3 Energy cuts licence fees outlay as it relinquishes P.1987
The licence was relinquished at the end of its two-year second term; to move into the third term of the licence an approved field development plan would have been required
i3 Energy confirms production of 9,400 boepd as Toscana asset acquisition closes
The company's second Canadian transaction has now closed
I3 Energy says Canadian transactions have transformed its business
“We will continue our efforts in the remainder of 2020 and beyond to grow our production business," said chief executive Majid Shafiq
WH Ireland upbeat on I3 Energy’s “perfectly timed” Canadian move
“i3 Energy absolutely nailed the timing," analyst Brendan Long said of the Canadian deals.
i3 Energy raises up to £30mln to advance Canadian transaction
“We are very grateful to our existing and new investors who have shown confidence in our business plan and growth strategy," said chief executive Majid Shafiq
i3 Energy agrees quick-flip of Saskatchewan assets to drop net acquisition cost for Canadian RTO
I3E will immediately sell some of the wells that it is acquiring in the Gain Energy deal, recouping C$45mln to effectively reduce the initial acquisition cost down to C$35mln
Proactive weekly oil & gas highlights: i3 Energy, RockRose, Solo Oil, 88 Energy, UK Oil & Gas, Mosman ...
Deals were afoot in the small-cap oil and gas market this week.
I3 Energy taking a bold step with Canadian acquisitions suggests broker
i3 Energy is seeking to transform itself into a consolidator of long life/low decline conventional production assets in Canada.
I3 Energy signs agreement to acquire Canadian producer and carbon offset group for US$59mln
Gain produced at a rate of around 11,000 barrels per day equivalent throughout 2019
i3 Energy to proceed with Canadian acquisition in reverse takeover, agrees North Sea debt amendments
An option has now been taken up, talks are underway for a binding agreement and separately deal funding.
i3 Energy remains in talks with noteholders over waivers
Talks have been underway for a number of weeks and they are ongoing
i3 Energy in talks with note holders to amend terms
The firm had been making positive progress with a farm-out process, and in March it unveiled a significant new acquisition
i3 Energy agrees acquisition of Toscana Energy Income Corporation
It is a discounted deal that plugs in cash-generating operations to what, at present, is otherwise a drill-bit dependent appraisal and development company
Proactive oil & gas weekly highlights: i3 Energy, Jersey Oil and Gas, SDX, Europa, Union Jack, Echo Energy ...
It was another busy week in the small-cap oil and gas sector
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Proactive news snapshot: i3 Energy, BATM Advanced Communication, Tavistock Investment …
A glance at some of the day's highlights from the Proactive Investors newswire
i3 Energy heartened by Dolphin Drilling's support for its drilling campaign
Dolphin Drilling will earn up to a 10% economic interest in block 13/23c via a revenue-sharing agreement
i3 Energy making “good progress” with North Sea farm-out process
Potential partners are are actively evaluating the opportunity, the North Sea junior said in a statement
i3 Energy chairman departs to join Australian renewable energy firm
The North Sea junior is advancing plans for its 2020 drill programmes at the Serenity and Liberator projects
i3 Energy confirms plan to drill at Serenity and Liberator in mid-2020
An envisaged new programme of appraisal drilling will be subject to new funding, and, to that end, a farm-out partnering process has begun.