i3 Energy is growing a production base in Canada

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  • i3 Energy completes first new wells at Marten Hills Clearwater
  • I3 Energy’s $53.7m deal to acquire package of oil and gas assets from Cenovus Energy
i3 Energy PLC -

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i3 Energy is an energy company focused on the development and production of high return hydrocarbon fields and discoveries.

15 Jul 2021

i3 Energy Plc () completed the drilling of its first two new wells in the Marten Hills Clearwater acreage in Canada and is expecting both wells to be online later this month.

It completed drilling the second well, which targeted the Clearwater C zone, and successfully drilled eight lateral sections penetrating the reservoir. The well was completed on time and on budget, the company added.

“We are very pleased to have successfully completed drilling operations on the first two wells in the company’s Marten Hills Clearwater acreage and look forward to bringing these wells onto production later in July,” said chief executive Majid Shafiq.

“This is the first phase of drilling operations on this acreage and following evaluation of log and production data from these wells, we will program the second phase of drilling which will target an additional seven possible locations.”

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07 Jul 2021

i3 Energy Plc (LON:I3E, ) has inked a C$65mln deal to expand its footprint in Central Alberta, acquiring assets producing around 8,400 barrels of oil equivalent per day from .

As well as strong free cash flow, the deal is expected to deliver extensive operational synergies, predictable low-decline production, and a large reserve base with multi-year development inventory.

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02 Jul 2021

I3 Energy PLC () said it is “very pleased” with the outcome of the drilling operation at its first Marten Hills Clearwater well in Canada.

Drilling on the Marten Hills 01-12-075-26W4 well started in mid-June, targeting the 25-metre (m) thick Clearwater C sandstone and finished on 30 June 2021 to a maximum true vertical depth of 630m.

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08 Jul 2021

i3 Energy PLC’s (LON:I3E, ) Majid Shafiq and Graham Heath join Proactive London to explain the C$65mln deal to expand its footprint in Central Alberta.

The firm will acquire assets producing around 8,400 barrels of oil equivalent per day from .

As well as strong free cash flow, the deal is expected to deliver extensive operational synergies, predictable low-decline production, and a large reserve base with multi-year development inventory.

11 Dec 2020

i3 Energy () presenting at the Proactive One2One Virtual Forum 10th December 2020

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I3 Energy’s $53.7m deal to acquire package of oil and gas assets from…

i3 Energy PLC’s (LON:I3E, TSX:ITE) Majid Shafiq and Graham Heath join Proactive London to explain the C$65mln deal to expand its footprint in Central Alberta.

The firm will acquire assets producing around 8,400 barrels of oil equivalent per day from Cenovus Energy Inc.

As well…

1 week ago

2 min read

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