- i3 recently reached a production rate of 22,000 barrels of oil equivalent per day
- The company has drilled 20 gross wells as part of its expanded 2022 drilling programme
- i3 is positioned to reach 24,000 boepd by year-end
- i3 Energy is an oil and gas company with a growing production base in the Western Canadian Sedimentary Basin
- i3 Energy plc (ITE) opened trading at C$0.19 per share
i3 Energy (ITE) has provided a September 2022 production update.
i3 recently reached a production rate of 22,000 barrels of oil equivalent per day (boepd), comprised of field estimate sales equalling 69 million standard cubic feet of gas per day, 6,470 barrels per day of natural gas liquids and 4,030 barrels per day of oil & condensate, inclusive of royalty production.
The company has drilled 20 gross wells as part of its expanded 2022 drilling programme. Thirteen of the wells are in production, 5 are being cleaned up following tie-in, and 2 await completion. The latter 7 wells are expected to be fully cleaned up and on production in late October.
i3 is positioned to execute on the balance of its 2022 drilling programme and remains on track to reach 24,000 boepd by year-end.
i3 Energy is an oil and gas Company with a low-cost, diversified, growing production base in Canada’s most prolific hydrocarbon region, the Western Canadian Sedimentary Basin and appraisal assets in the North Sea with significant upside.
The company is well positioned to deliver future growth through the optimization of its existing 100 per cent owned asset base and the acquisition of long-life, low decline conventional production assets.
i3 Energy is an environmentally responsible oil and gas company with a growing production base in the Western Canadian Sedimentary Basin.
i3 Energy plc (ITE) opened trading at C$0.19 per share.
