i3 Energy is growing a production base in Canada
Candaa and North Sea-focused oil and gas junior with production and exploration acreage
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.
243 stories · page 5 of 13
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
Archive
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.