i3 Energy Plc (GB:I3E) has released an update.
i3 Energy Canada Ltd., a subsidiary of i3 Energy plc, has maintained its proved and probable reserve volumes at the end of 2023, indicating strong performance and successful capital management despite lower commodity prices. The company reported a positive net present value for its reserves, underlining a robust portfolio and significant share value premiums. Additionally, the reserve life index suggests a sustainable total return model with 7.1 to 23.0 years of reserve life across different categories.
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