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.
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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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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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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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