i3 Energy has announced that its proven and probable reserves have increased by 18% yoy to 181.5 million boe. Separately, the company has announced the appointment of Jason Dranchuk as Chief Financial Officer. We are using the opportunity to keep our numbers as relevant as possible by aligning our WTI oil price estimate with the recent, significant strengthening of crude oil prices. Effectively we are increasing our 2023 WTI crude oil price estimate to $81.15/b from $74.05/b, resulting in an inc ....
05 Apr 2023
i3 Energy - 2022 Reserves, Appointment of Chief Financial Officer and Increase to Fair Value Estimate on Strengthened Oil Prices
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i3 Energy - 2022 Reserves, Appointment of Chief Financial Officer and Increase to Fair Value Estimate on Strengthened Oil Prices
i3 Energy Plc (I3E:LON) | 11.8 0.1 7.3% | Mkt Cap: 142.1m
- Published:
05 Apr 2023 -
Author:
Brendan Long -
Pages:
7
i3 Energy has announced that its proven and probable reserves have increased by 18% yoy to 181.5 million boe. Separately, the company has announced the appointment of Jason Dranchuk as Chief Financial Officer. We are using the opportunity to keep our numbers as relevant as possible by aligning our WTI oil price estimate with the recent, significant strengthening of crude oil prices. Effectively we are increasing our 2023 WTI crude oil price estimate to $81.15/b from $74.05/b, resulting in an inc ....