EASTLEIGH, ENGLAND / ACCESSWIRE / June 3, 2021 / i3 Energy plc (AIM:I3E) (TSX:ITE), an independent oil and gas company with assets and operations in the UK and Canada, is pleased to announce that, following
EASTLEIGH, UK / ACCESSWIRE / June 1, 2021 / i3 Energy plc (AIM:I3E) (TSX:ITE), an independent oil and gas company with assets and operations in the UK and Canada, is pleased to announce the audited results
i3 Energy PLC Announces South Simonette Consolidation - ROFR Exercise
EASTLEIGH, UK / ACCESSWIRE / May 31, 2021 / i3 Energy plc (AIM:I3E) (TSX:ITE), an independent oil and gas company with assets and operations in the UK and Canada, is pleased to announce the execution of a strategic acquisition in its core Simonette area, taking operatorship and doubling its position in a premium light oil asset in the Lower Montney.
Highlights:
Acquired an additional 49.5% position plus operatorship in the Company s South Simonette oil property, increasing i3 s interest to 99%.
Cost to exercise the Right of First Refusal (
ROFR )
of USD 4.2mm (CAD 5mm) plus planned capital investment of USD 0.58mm to reactivate two suspended wells in July results in effective acquisition at 1.49x next twelve months (
Offer Update Trans-Siberian Gold plc (TSG.LN), a low cost, high grade gold producer in Russia, announced on 18 March 2021 a recommended pre-conditional mandatory cash offer (the Offer ) to be made by Horvik Limited ( Horvik ) for the Company and that Horvik had agreed to acquire 44,558,918 ordinary shares of TSG, representing approximately 51.2 per cent. of TSG s issued share capital (excluding any shares held in treasury), in two tranches from a group of TSG s shareholders (the Selling Shareholders ) (the Acquisition ). Horvik completed the acquisition of 21,437,000 ordinary shares of TSG, representing approximately 24.7 per cent. of TSG s issued share capital (excluding any shares held in treasury) in the first stage of the Acquisition on 18 March 2021. Horvik announced on 19 May 2021 that it had received regulatory approval from the Russian Federal Antimonopoly Service in respect of its acquisition of the remaining 2