Brief: I3 Energy on Track to Achieve 2023 Production & Net Operating Income

I3 Energy

08/11/2023 07:28

Nov 8 (Reuters) - I3 Energy PLC  I3E.L :
    * Q3 2023 OPERATIONAL AND FINANCIAL UPDATE
    * AVERAGE Q3 2023 PRODUCTION OF ABOUT 21,156 BARRELS OF OIL
EQUIVALENT PER DAY,14% INCREASE OVER PRIOR QUARTER
    * NET OPERATING INCOME FOR QUARTER USD 25.97 MILLION
    * DIVIDENDS OF £3.08 MILLION WERE DECLARED IN Q3 AND PAID IN
OCTOBER 2023
    * POST QUARTER-END BOARD OF DIRECTORS APPROVED A USD 6
MILLION
CAPITAL PROGRAM, FOR BALANCE OF 2023
    * REMAIN ON TRACK TO MEET OUR PREVIOUSLY STATED GUIDANCE FOR
2023
PRODUCTION AND NET OPERATING INCOME


 ((Reuters.Briefs@thomsonreuters.com;;))