i3 Energy has successfully entered the Western Canadian Sedimentary Basin having secured the acquisition of Gain Energy and Toscana Energy. The company has been transformed into a prolific oil & gas producer – June 2020 production levels were circa 9,500 boe/d. All-in, the assets have been ascribed 2P reserves of 58.5 mm boe. Based largely on the analysis of i3 Energy's competent persons, GLJ and Sproule, we are putting forward a preliminary fair value estimate of 17.7p for the company's Canadia ....
13 Aug 2020
WHI Equity Research: i3 Energy (I3E) - Preliminary valuation of Canadian assets
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WHI Equity Research: i3 Energy (I3E) - Preliminary valuation of Canadian assets
i3 Energy Plc (I3E:LON) | 12.9 0.1 5.9% | Mkt Cap: 155.4m
- Published:
13 Aug 2020 -
Author:
Brendan Long -
Pages:
8
i3 Energy has successfully entered the Western Canadian Sedimentary Basin having secured the acquisition of Gain Energy and Toscana Energy. The company has been transformed into a prolific oil & gas producer – June 2020 production levels were circa 9,500 boe/d. All-in, the assets have been ascribed 2P reserves of 58.5 mm boe. Based largely on the analysis of i3 Energy's competent persons, GLJ and Sproule, we are putting forward a preliminary fair value estimate of 17.7p for the company's Canadia ....