i3 Energy plc’s (i3 Energy PLC (AIM:I3E, TSX:ITE)) CEO Majid Shafiq and CFO Graham Heath joins Proactive London after announcing their plan to invest US$47mln of capital into its Canadian assets in 2022, with the programme of work including its participation in 17 new wells.
The programme of work is expected to add up to 5,250 barrels of daily production, to take average group volumes above 20,000 boepd, and help deliver an estimated US$184mln of net operating income for 2022/23.
I3 Energy also told investors this week that it is committing to pay at least £11.827mln of dividends during the course of 2022, equating to 1.05p per share, which would give shareholders a 10.2% yield (based on the current share price).
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