REG - i3 Energy PLC - Appointment of Chief Financial Officer

I3 EnergyAnnouncement

03/04/2023 07:00

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RNS Number : 0420V  i3 Energy PLC  03 April 2023

3 April 2023

i3 Energy plc

("i3", "i3 Energy", "i3 Canada", or the "Company")

Appointment of Chief Financial Officer

 

i3 Energy plc (AIM:I3E) (TSX:ITE), an independent oil and gas company with
assets and operations in the UK and Canada, is pleased to announce the
appointment of Jason Dranchuk as Chief Financial Officer, effective from
today.

Mr. Dranchuk has over 25 years of experience working in various senior finance
roles in the energy sector with considerable focus on the Western Canadian
Sedimentary Basin, a core area for the Company.

Mr. Dranchuk has over 12 years' experience as Chief Financial Officer of
various public Canadian listed companies including Chinook Energy Inc and
Zargon Oil and Gas Ltd, bringing significant expertise in both corporate and
asset transactions, equity offerings, corporate structuring and financings,
and broad operational accounting experience.

Mr Dranchuk's appointment is a non-board role.

Mr. Dranchuk holds the Chartered Professional Accountant (CPA, CA, CMA)
designation, and received a Bachelor of Commerce Degree from the University of
Saskatchewan.

 

Majid Shafiq, CEO of i3 Energy plc, commented:

"We are very pleased to welcome Jason to the team as our new group CFO,
following a thorough search process. His broad financial reporting expertise
across the energy sector value chain and M&A experience will be invaluable
to the Company and we look forward to working with him to deliver our growth
strategy as we expand our operations in Canada."

 

Enquiries:

 

 i3 Energy plc                                   c/o Camarco

 Majid Shafiq (CEO)                              Tel: +44 (0) 203 781 8331

 WH Ireland Limited (Nomad and Joint Broker)

 James Joyce, Darshan Patel                      Tel: +44 (0) 207 220 1666

 Tennyson Securities (Joint Broker)

 Peter Krens                                     Tel: +44 (0) 207 186 9030

 Stifel Nicolaus Europe Limited (Joint Broker)

 Ashton Clanfield, Callum Stewart                Tel: +44 (0) 20 7710 7600

 Camarco

 Georgia Edmonds, Violet Wilson, Sam Morris      Tel: +44 (0) 203 781 8331

 

Notes to Editors:

i3 Energy is an oil and gas Company with a low cost, diversified, growing
production base in Canada's most prolific hydrocarbon region, the Western
Canadian Sedimentary Basin and appraisal assets in the North Sea with
significant upside.

The Company is well positioned to deliver future growth through the
optimisation of its existing 100% owned asset base and the acquisition of long
life, low decline conventional production assets.

i3 is dedicated to responsible corporate practices and the environment, and
places high value on adhering to strong Environmental, Social and Governance
("ESG") practices.  i3 is proud of its performance to date as a responsible
steward of the environment, people, and capital management.  The Company is
committed to maintaining an ESG strategy, which has broader implications for
long-term value creation, as these benefits extend beyond regulatory
requirements.

i3 Energy is listed on the AIM market of the London Stock Exchange under the
symbol I3E and on the Toronto Stock Exchange under the symbol ITE. For
further information on i3 Energy please visit  https://i3.energy/
(https://i3.energy/) .

This announcement does not contain inside information.

 

 

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