Page 3 - தளம் புனர்வாழ்வு ப்ரோக்ர்யாம் News Today : Breaking News, Live Updates & Top Stories | Vimarsana

UK/Canada: i3 Energy announces operational update 23 Feb 2021 i3 Energy, an independent oil and gas company with assets and operations in the UK and Canada, has announced the following interim operational update. The Company intends to provide regular quarterly updates starting with a summary of Q1 to be released in the second half of April 2021. HIGHLIGHTS Production remains predictably stable with November 2020 to January 2021 averaging 9,150 boe/d (41% liquids) The diversified portfolio continues to perform at or above expectations, with forecasted 2021 net operating income (revenue minus royalties, opex, transportation and processing) of approx. CAD $35 million (US $27.6 million) based on mid-February strip pricing, an estimated maintenance capital budget of approx. CAD $3 million and excluding any additional production volumes associated with i3 s recent Noel production test (referenced below)

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