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I3 Energy swings to profit on maiden revenue as acquisitions bolster performance

Investegate, i3 Energy lifts income guidance as Q1 production tops expectations; eyes maiden dividend approval by BFN News From InvestEgate

5 May 2021 | 09:12am StockMarketWire.com - Oil and gas company i3 Energy said it expected to approve its maiden dividend shortly and lifted its annual net income guidance after reporting first-quarter production that topped its expectations. Q1 2021 average production was 8,856 boepd, outperforming expectations and net operating income expectations for the full-year 2021 were increased to CAD 38 million, the company said. Looking ahead, the company said it expected the Noel gas well expected to be on production during June. 'We have made significant progress in growing our land position in ...

*A Private Investor is a recipient of the information who meets all of the conditions set out below, the recipient: 1. Obtains access to the information in a personal capacity; 2. Is not required to be regulated or supervised by a body concerned with the regulation or supervision of investment or financial services; 3. Is not currently registered or qualified as a professional securities trader or investment adviser with any national or state exchange, regulatory authority, professional association or recognised professional bod...