i3 Energy Plc (GB:I3E) has released an update.
i3 Energy Plc has announced a 2024 capital budget of $50.9 million to drill 15 wells across its Canada operations, aiming for a production increase of 3% year-over-year. The company anticipates a net operating income of $70-75 million and EBITDA before hedging of $55-60 million, based on oil and natural gas price assumptions. Additionally, i3 Energy plans to return $15.7 million to shareholders in dividends, representing an 8.1% forward yield.
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