REG - i3 Energy PLC - Board Changes

I3 EnergyAnnouncement

19/12/2022 07:00

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RNS Number : 0789K  i3 Energy PLC  19 December 2022

19 December 2022

i3 Energy plc

("i3" or the "Company")

Board Changes

i3 Energy plc (AIM: I3E) (TSX: ITE), an independent oil and gas company with
assets and operations in the UK and Canada confirms, following the completion
of relevant AIM rules requirements, the previously announced appointment of
Ryan Heath to the Board of Directors as an Executive Director effective
immediately.

Ryan Heath was appointed President of i3 Canada, following i3's December 2020
acquisition of Toscana Energy Income Corporation, where he served as the Chief
Executive Officer since 2019. Prior to Toscana, Ryan was VP Land &
Negotiations at Paredes Energy Corporation, and throughout his 23-year career
in the Western Canadian Sedimentary Basin has been instrumental in the growth
and development of several public and private E&P companies, including
Striker Exploration Corp., Hyperion Exploration Corp., and Severo Energy Corp.
Ryan graduated from the University of Calgary with a Bachelor of Commerce
degree, specialising in Petroleum Land Management.

The following information is disclosed pursuant to Schedule Two paragraph (g)
of the AIM Rules for Companies.

Ryan John McColl Heath, aged 46, owns 8,255,374 shares in the Company,
representing 0.69% of the issued share capital and has 1,666,666 options over
ordinary shares with an exercise price of 11 pence.

A list of Ryan's current directorships and partnerships together with those
held within the last five years is set out below:

 Current appointments      Appointments within previous 5 years:
 Berwick Consulting Ltd.   Toscana Energy Income Corporation
 Bellevue Consulting Inc.
 i3 Energy Canada Limited

 

No further information is required to be disclosed pursuant to paragraph (g)
of Schedule 2 of the AIM Rules.

Majid Shafiq, CEO of i3 Energy plc, commented:

"The Company is delighted to welcome Ryan to the board. His knowledge and
experience have been central to our successful growth in Canada and his
counsel will be critical to our continued growth in that market."

On his appointment, Ryan Heath said:

"It's been an honour to have participated in building i3's presence throughout
the Western Canadian Sedimentary Basin, while working alongside an incredibly
driven and charismatic team, and look forward to assist in the stewardship of
the Company from this elevated capacity."

END

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, Enzo Aliaj         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 to
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/)  .

 

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