(via NewsDirect)
These assets, described as non-core, consisted of 388 barrels per day of oil equivalent, generating a forecasted
Shafiq highlighted that this sale accelerates value realization, effectively trading less than 2% of last year's production for about 14% of the company's market cap. The transaction has zeroed i3 Energy's net debt and created a working capital surplus, enabling access to a fully undrawn
The proceeds are earmarked for business growth in
The company retained its royalty position in the strategically valuable Montney position at Simonette, anticipating substantial future gains from its high-potential oil wells.
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