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No, he is saying that he expects the share price to rise as the output rises. End of year sp (he says) will be 3 to 5% higher than 12.66p. Add that to 8.1% dividend which is what he plans, ie definitely not increasing as you suggest, makes up the total shareholder return.
My mistake
Subject to Board approval, the 2024 forecasted dividend, representing 0.2565 pence per share per quarter or 1.026 pence per share for the year, translates to a forward yield of 8.1% based on the closing price of i3's ordinary shares of 12.66 pence on 23 April 2024. Based on projected year-over-year production growth and anticipated dividend yield, the Company expects to deliver a total Shareholder return of 11% - 13% in 2024.
💰💰😊👏👏
Reading this I assume we may receive a special dividend of upto 1/2p by year end
With a new government coming to power
Licence renewal in September
Should they not walk away from Uk.
Move head office to Canada .
Run by Canadians.
Save £3 million plus
List on the main market not Aim which is deteriorating year after year.
Tony can you give us a project income if oil hits $95
And the increase in profits per $ dollar increase
Thanks and keep the good work going .
You may want to post more often on our Canada forum.trade buying is increasing week on week.Your knowledge on the company will be very useful .
Post in the afternoon.
I wonder what would happen if Israel retaliated to the missile/drone attack to the oil price.
We know we have news from the company but what would happen if Israel strikes Iran to the oil price .
Scary to how this could blow up.
Onwards and upwards
Good luck on the 10 &11p
Yep thought those buys were yours over the last two days.
All buys overseas
Canada 12.24 to sell 12.54 to Buy
Looks like momentum is picking up in Canada as well as here..
All we need is an acquisition.
Focus on Clearwater second half
Quarter results due
Enjoy the dividend
Wonder if we will see news tomorrow.
Lots of trades tonight on the Canada stock market .
12.2 to sell 12.50 to buy we seem to be out of sequence for a change.
Just shows when you get new investors on board with a good dividend the price climbs.
I due to having the funds have been able to buy in the 8s and 9s and have broken even .
My dividends are invested back into the company since my first investment at 18p.
I see this share gradually going up over this year with 2025 being an exceptional year .
But I still feel we will be taken out in the 18p mark due to the assets we hold.
Acquisition next their are some good pickings out there at cheap prices
INB invest
We know the pipe as Trans Canada and some discussion has been had previously on the benefits of Canada having a new LNG pipe line:/ terminal to export to the Asian Market getting a higher price than been paid by the USA.
GGG
We look in such a better picture than last year. Iam already fully loaded and have my entire investments in here. A huge sum so between you and me we hold already several million .
My 33 rd trade went through two weeks ago and like you I will continue to top up .
Onwards to 12p
I think I will stick with my 9,10,11% dividend yield .
Think you need to pay more than low 10s for your 3 million share purchase.
It will be good to see another Rns this week .Canada up tonight at 10.78p
Agree 👍 💰💰💰💰
Majid Shafiq, CEO of i3 Energy plc,
"The fourth quarter of 2023 rounded off a highly successful annual capital programme for the Company, with a dozen wells drilled, and which like our 2022 programme, in aggregate exceeded pre-drill expectations and was executed safely and in line with budget. We are very pleased that this programme, combined with our robust, low decline, asset base and a razor-sharp focus on operational efficiency, delivered very strong financial performance, despite a challenging commodity price environment and ensured that the company met its production and net operating income guidance for the year. This is a testament to the quality of our portfolio and the skill, expertise and dedication of our staff. Our strong production and financial performance supported our capital programme, debt re-payments, and dividend payments to shareholders of over £15 million throughout the year, and our extensive drilling inventory provides multiple options to maximise return on capital deployment. As we enter 2024 with continued weakness in commodity price forecasts, in particular for North American gas, our business strategy remains flexible between high rate of return organic drilling and inorganic growth opportunities. The Company is progressing several initiatives which will be incorporated into an optimised 2024 drilling and capital programme, and we look forward to updating the market on this during the course of March."
Production Update
Production in Q4 2023 averaged 20,413 boepd, comprised of 63.9 million standard cubic feet of natural gas per day ("mmcf/d"), 5,180 barrels per day ("bbl/d") of natural gas liquids ("NGLs"), 4,155 bbl/d of oil & condensate and 429 boepd of royalty interest production.