RE: Excellent Show4 Feb 2022 15:50
o 17 gross wells (12.6 net, 88% i3-operated) to be drilled across the Company's diversified portfolio in Central Alberta, Marten Hills (Clearwater), Simonette (Montney), and Wapiti
o Incremental peak production of up to 5,250 boepd (net), with estimated average 2022 production above 20,000 boepd and peaks reaching 21,000 boepd, resulting in an exit-2022 production increase of 26% over i3's "Blowdown" case (no capex and conservatively-estimated natural declines of 14%)
o US$184MM of combined 2022/23 Net Operating Income ("NOI" = revenue minus royalties, opex, transportation and processing) based on current strip commodity prices; a 37% increase over the Blowdown case.
2022 will be the coming of age for I3E.
Further acquistions in canada likely.
Serenity? Not so sure..
Excellent decision by BoD to equity raise for acquistions. Fully expecting further acquistions to be debt financed..