i3 Energy

i3 Energy is an AIM-listed oil and gas development company initially focused on the North Sea. The Company’s core asset is the Liberator oil field discovered by well 13/23d-8 located in License P.1987, Block 13/23d in which it has a 100% operated interest.

The Company’s strategy is to acquire high quality, low risk producing and development assets, to broaden its portfolio and grow its reserves and production.

i3 Energy has a diverse asset portfolio including large contiguous holdings in several of Alberta’s most economic play types, acquired in a reverse takeover of owner/operator Gain Energy, and two 100% owned UKCS blocks 13/23c and 13/23d containing the Liberator oil field, discovered by well 13/23d-8 in 2013, and the Serenity oil field discovered by well 13/23c-10 in 2019. The Western Canadian Sedimentary Basin assets delivered production of 8,948 boepd in June 2020 and c.$22 million in field EDITDA in 2019 from 242 Gain-operated wells, while i3 carries a P50 STOIIP of 197 MMbbls for the two North Sea blocks.