i3 Energy plc and Europa Oil & Gas (Holdings) plc have opened talks on acreage surrounding the Serenity oil discovery, which has become unlicensed. INVESTMENT Little progress has been made on the Blake, Tain and Serenity area while in October 2022 the partners abandoned the SA02 well which failed to show hydrocarbons. i3 said that […]
Tag: i3 Energy plc
i3 Energy CFO purchases 200,000 ordinary shares
i3 Energy plc chief financial officer Jason Dranchuk has bought 200,000 ordinary shares of 0.01 pence each in the company, at a price of C$0.215 per share. The purchase, on 22 and 25 September 2023, takes Mr Dranchuk’s total beneficial interest to 200,000 ordinary shares, representing 0.02% of the company’s issued share capital.
i3 Energy looks to growth from volatile prices
i3 Energy plc said that unstable prices had created possible merger and acquisition opportunities after the company posted a rise in production and decrease in revenue. PERFORMANCE In the first six months of the year, revenue totalled $75.5m (H1 2022: $101.6m) from its operations in Canada. The company averaged 20,640 boepd (H1 2022: 18,950) following […]
i3 Energy CEO purchases 196,318 shares
i3 Energy plc chief executive officer Majid Shafiq purchased 196,318 ordinary shares each of 0.01 pence in the company at a price of 12.7 pence per share. Following the transaction on 4 July, Mr Shafiq has in aggregate 9,734,609 ordinary shares representing 0.81% of the company’s issued share capital.
i3 Energy chairman purchases 470,000 more shares
i3 Energy plc chairman John Festival purchased 470,000 ordinary shares each of 0.01 pence in the company at a price of C$0.23 per share. Following the purchase on 30 June, Mr Festival now holds a total 3,072,360 ordinary shares representing 0.26% of i3 Energy’s issued share capital.
i3 settles £22m debt and agrees C$100m Trafigura loan
i3 Energy plc has settled its outstanding £22 million senior secured guaranteed loan notes, due 31 May 2023, and agreed a C$100 million loan from Trafigura Canada Ltd. TRAFIGURA LOAN The offshore UK and Canada-focused company said that the loan would provide “greater financial flexibility and enhanced credit capacity” for its business plan. Part of […]