I3 Energy (I3E) has enjoyed a miraculous turnaround in fortunes over the past couple of years, thanks to buying new assets at the right time and benefitting from high oil and gas prices since then.
i3 Energy (I3E) has announced delivery on a farm-in by Europa Oil & Gas (EOG) to the New Serenity Block and it to “now commence the detailed planning and permitting process for the Serenity appraisal well, which we now expect to spud in late Q3”.
i3 Energy (I3E) has announced that production from Canada is exceeding expectations, and it looks forward to updating the market with results from its active drilling program.
I3 Energy (I3E) has been a great example of why past failure doesn’t necessarily point to a continuation of that in the future – in the same way that past success doesn’t mean that a company or management team will manage the same again.
The level of trust that you have in the management of a company can often play a big part in your willingness to invest.
I had been wondering when further news would come from i3 Energy (I3E) and these week two significant RNSs dropped on the same morning, which ultimately led to shares being suspended for the foreseeable future.
