UK's I3 Energy up after dividend raise, upbeat 2023 outlook

I3 Energy

22/12/2022 08:41

** Shares of oil and gas company I3 Energy  I3E.L  up as
much as 7.8% at 22.8p
    ** Co raises its 2023 minimum dividend by 59.4% above total
dividends paid during 2022
    ** I3E sees annual average production of 22,250-23,000
barrels of oil equivalent per day, an increase of about 10%-13%
    ** Co benefits from robust performance across its asset
portfolio
    ** Projects 2023 core profit between $144-$150.5 mln; net
operating income between $159-$166.7 mln
    ** As per last close, stock up 58.4% YTD
 (Reporting by Sinchita Mitra in Bengaluru)
 ((Sinchita.mitra@thomsonreuters.com))