I3 Energy PLC Announces Q2 2024 Operational and Financial Results
I3 Energy PLC Announces Q2 2024 Operational and Financial Results
Q2 2024 Operational and Financial Results
2024年第二季度業務和財務結果
EASTLEIGH, UK / ACCESSWIRE / August 13, 2024 / 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 its operating and financial results for the three and six months ended 30 June 2024. i3's unaudited condensed interim financial statements for the three and six months ended 30 June 2024 and related Management's Discussion and Analysis ("MD&A") are available on i3 Energy's website at and filed on SEDAR+.
英國EASTLEIGH / ACCESSWIRE / 2024年8月13日 / 獨立石油天然氣公司i3 Energy plc (AIM:I3E)(tsx:ITE)在英國和加拿大擁有資產和業務。公司很高興公佈截至2024年6月30日三個和六個月的運營和財務結果。i3的未經審計的爲期三個和六個月截至2024年6月30日的簡化中期財務報告和相關的管理層討論與分析(MD&A)可訪問i3 Energy的網站,並在SEDAR+上提交。
Highlights:
亮點:
i3 entered into a definitive agreement to sell most of the Company's royalty assets (the "Royalty Disposition") for a total gross cash consideration of USD 24.81 million (CAD 33.50 million) before customary closing adjustments, which at the time of Closing translated to 6.9 times 2024 forecasted cash flow and approximately USD 63,960 per flowing boepd
Free cash flow (FCF)(1) for Q2 2024 was USD 28.5 million fuelled by the aforementioned Royalty Disposition and certain property divestments in the quarter.
3 posted a profit before tax of USD 24.4 million during Q2 2024 and net cash flow from operating activities of USD 7.6 million for same period.
Achieved an average Q2 2024 production of 18,271 barrels of oil equivalent per day ("boepd"), despite the sale of ~415 boepd and management of several scheduled and unscheduled production outages.
The Company further closed the accretive disposition of a non-core, non-operated, shallow dry gas focussed Northern Alberta asset (Hangingstone), along with two non-producing, non-core mineral rights divestments, for total realized proceeds of USD 2.75 million.
At 30 June 2024 i3 was undrawn on its credit facility, posting a net cash surplus(1) of USD 6.96 million and i3 is pleased to announce a successful borrowing base redetermination at the original CAD 75 million.
As part of i3's commitment to its total shareholder return model, Q1 2024 dividends of £3.084 million (USD 3.890 million) were declared and paid in Q2 2024.
i3達成有限協議,將大部分公司的專屬權益資產("Royalty Disposition")出售,總毛現金考慮額爲2481萬美元(3350萬加元),在慣例結算調整前,該交易相當於6.9倍的2024年預計現金流和每個流動boepd近63960美元。
2024年第二季度自由現金流(FCF)爲2850萬美元,得益於上述權益轉讓和該季度某些財產清算。
2024年第二季度稅前利潤爲2440萬美元,同期經營活動淨現金流爲760萬美元。
儘管出售了約415個boepd和管理了幾個計劃和非計劃產量停機,但平均2024年第二季度產量達到18271桶油當量每日("boepd")。
公司進一步關閉了北阿爾伯塔省淺層乾燥氣聚焦北部資產(Hangingstone)的增值處置,以及兩個未生產,非核心礦權處置,總實現收益爲275萬美元。
截至2024年6月30日,i3在其信貸設施上未使用,淨現金餘額爲696萬美元,i3很高興宣佈,其原始7500萬加元的借款基礎經過成功的借款基礎重估。
作爲i3致力於其總股東回報模型的一部分,2024年第一季度分紅達到308.4萬英鎊(389萬美元),並於2024年第二季度宣佈和支付。
Majid Shafiq, CEO of i3 Energy plc, commented:
i3 Energy plc首席執行官Majid Shafiq評論道:
"Q2 2024 was a very busy period for the Company as we completed the strengthening of our balance sheet through the highly accretive sale of the majority of our royalty interests and the refinancing of our outstanding debt with a revolving non-amortising reserves-based loan. This corporate activity essentially made i3 debt free and created significant liquidity to finance our development program.
"2024年第二季度是公司非常忙碌的時期,我們通過大部分專屬權益的高毛額銷售以及用循環的非攤銷基於儲備的貸款清償未償債務,加強了我們的資產負債表。這家公司的活動基本上使i3無債務並創造了重大的流動性,以用於我們的開發計劃。
We are very pleased to announce the successful semi-annual redetermination of our reserves-based borrowing facility, achieved in a lower commodity price environment which demonstrates the quality of our resource and asset base. Our production assets continue to perform robustly, and we are pleased to reconfirm existing production and EBITDA guidance for the year, which is a result of the Company's stable, low-decline, production profile and a rigorously enforced hedging programme.
我們非常高興地宣佈,我們的借款基礎半年重估取得了成功。在較低的大宗商品價格環境中取得了成功,這證明了我們的資源和資產基礎的質量。我們的生產資產繼續表現強勁,我們很高興再次確認全年的生產和EBITDA指導方針,這是該公司穩定,低降速,生產概況和嚴格執行的套期保值計劃的結果。
With a solid half year behind us, we now look forward to our H2 focussed development and drilling programme which has already commenced with the successful drilling of our first operated well in Central Alberta. Our team will be busy during the second half of the year with back-to-back drilling across our portfolio, which will set the Company up for the commencement of our Montney development drilling in Q1 2025 for which we now are evaluating asset backed debt financing solutions to accelerate development."
我們已經度過了一個堅實的半年,現在我們期待着我們的下半年的集中式開發和鑽井計劃,該計劃已經開始,成功地在阿爾伯塔省中部鑽井了我們的第一口操作井。我們的團隊將在今年下半年忙於整個投資組合的反向鑽井,這將爲公司在2025年第一季度開始我們的蒙特尼開發鑽井做好準備,以加速開發的資產支持型債務融資解決方案。"
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SOURCE: i3 Energy PLC
來源:i3能源股份有限公司