i3 Energy PLC's (LON:I3E, TSX:ITE) Majid Shafiq and Graham Heath join Proactive London to explain the C$65mln deal to expand its footprint in Central Alberta.
The firm will acquire assets producing around 8,400 barrels of oil equivalent per day from Cenovus Energy Inc.
As well as strong free cash flow, the deal is expected to deliver extensive operational synergies, predictable low-decline production, and a large reserve base with multi-year development inventory.