i3 Energy has provided a solid Q4 2023 operational and financial update. Production for
the quarter amounted to 20,413 boe/d (WHIe: 20,236 boe/d) providing for an average
production rate of 20,711 boe/d for the year (WHIe: 20,668). The company indicated
that 2023's net operating income (equating to cashflow in the field before hedging and
taxes) amounted to $US 93m (WHIe: $US 94.6m). The company reported an unaudited
year-end net debt figure of $US23m (WHIe: $US28.5m). We believe that i3 En ....
26 Feb 2024
i3 Energy - It's a Cash Machine
Sign up to access
Get access to our full offering from over 30 providers
Get access to our full offering from over 30 providers
i3 Energy - It's a Cash Machine
i3 Energy Plc (I3E:LON) | 10.9 0 (-0.9%) | Mkt Cap: 131.4m
- Published:
26 Feb 2024 -
Author:
Brendan Long -
Pages:
11
i3 Energy has provided a solid Q4 2023 operational and financial update. Production for
the quarter amounted to 20,413 boe/d (WHIe: 20,236 boe/d) providing for an average
production rate of 20,711 boe/d for the year (WHIe: 20,668). The company indicated
that 2023's net operating income (equating to cashflow in the field before hedging and
taxes) amounted to $US 93m (WHIe: $US 94.6m). The company reported an unaudited
year-end net debt figure of $US23m (WHIe: $US28.5m). We believe that i3 En ....