Graham Heath, CFO & Majid Shafiq, CEO of i3 Energy (LON: I3E) Presenting at the Proactive One2One Virtual Forum
28th October 2021
i3 Energy has a diverse asset portfolio including large contiguous holdings in several of Alberta’s most economic play types, acquired in a reverse takeover of owner/operator Gain Energy, and two 100% owned UKCS blocks 13/23c and 13/23d containing the Liberator oil field, discovered by well 13/23d-8 in 2013, and the Serenity oil field discovered by well 13/23c-10 in 2019. The Western Canadian Sedimentary Basin assets delivered production of 8,948 boepd in June 2020 and c.$22 million in field EDITDA in 2019 from 242 Gain-operated wells, while i3 carries a P50 STOIIP of 197 MMbbls for the two North Sea blocks. i3 Energy’s strategy is to focus on the development of discoveries located close to existing infrastructure and the exploitation of producing fields, whilst maintaining limited exploration exposure. i3 Energy has a strong management team with a track record of delivery and intends to complete the Toscana Energy acquisition and a drilling programme in 2020 to delineate the Serenity and Liberator structures, while focusing on entering new ventures at the appraisal, development, production or near field exploration phase,