i3 Energy Plc (GB:I3E) has released an update.
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i3 Energy Plc reported a strong start to 2024 with a Q1 free cash flow of USD 15.0 million, a significant increase from the previous year, and average production of 19,410 boepd. The company has also secured a new CAD 75 million credit facility and continued its commitment to environmental and shareholder value initiatives. The period saw i3 Energy repay existing debts and post quarter-end, divested royalty assets and a non-core asset, which eliminated their net debt.
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