i3 Energy Plc (GB:I3E) has released an update.
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i3 Energy Plc, an independent oil and gas company, reported a record annual production of 20,711 barrels of oil equivalent per day in 2023, with a net profit after tax of £15.1 million. The company achieved this despite operational challenges, including the Alberta wildfires. Shareholders were rewarded with £13.3 million in declared dividends, and the company maintained a strong reserve base, supporting future growth. i3 Energy also focused on environmental initiatives, reducing CO2 emissions significantly through various projects.
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