i3 Energy Targets 13.94 then 15.7 #i3e· Q1 2021 average production of 8,856 boepd, outperforming expectations
· Financial discipline maintained, with an initial hedging strategy implemented and 2021 full-year net operating income expectations increased to CAD 38mm (USD 31mm)
· Significant initiatives in the Clearwater play
o Planning for an appraisal and development drilling programme at Marten Creek following successful oil appraisal recompletions
o i3 has farmed into additional Clearwater acreage and will earn up to 29.4 km2 through drilling activity, with the first two wells of a potential nine-well commitment being spud at Marten Hills in May
o Acquisition of additional 17.9 km2 of Clearwater acreage through recent Alberta Crown Land Sale
· Noel gas well expected to be on production during June
· EGM to approve dividend expected to be called shortly
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Waiting on RSI to move above 30 before I enter a position here!