EASTLEIGH, UK – 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 publication of its inaugural annual ESG report on its website (www.i3.energy).
Highlights of Inaugural Environment, Social and Governance (ESG) Report
Majid Shafiq, CEO of i3 Energy plc, commented:
“We are very pleased to publish our inaugural ESG report. Having acquired a large and diverse asset base of operated well, pipeline and processing facilities in a series of transactions from a number of different operators over the course of 2020 and 2021, a considerable effort was required to acquire and consolidate emissions data for our portfolio. We have now established baselines for the assets acquired from Toscana Energy and Gain Energy (and will do so late this year for the assets acquired from Cenovus) from which we can measure and drive efficiency and emissions reductions initiatives on a go-forward basis. i3 is well positioned to play a part in supplying the world’s growing energy needs as we transition to a low carbon economy, given our gas- weighted portfolio and the jurisdictions in which we operate. We look forward to updating the market as we progress our emissions reduction and net zero plans.”
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Enquiries:
i3 Energy plc Majid Shafiq (CEO) / Graham Heath (CFO) |
c/o Camarco Tel: +44 (0) 203 781 8331 |
WH Ireland Limited (Nomad and Joint Broker) James Joyce, Darshan Patel |
Tel: +44 (0) 207 220 1666 |
Tennyson Securities (Joint Broker) Peter Krens |
Tel: +44 (0) 207 186 9030 |
Stifel Nicolaus Europe Limited (Joint Broker) Ashton Clanfield, Callum Stewart |
Tel: +44 (0) 20 7710 7600 |
Camarco Georgia Edmonds, James Crothers, Violet Wilson |
Tel: +44 (0) 203 781 8331 |
Notes to Editors:
i3 Energy is an oil and gas Company with a low cost, diversified, growing production base in Canada’s most prolific hydrocarbon region, the Western Canadian Sedimentary Basin and appraisal assets in the North Sea with significant upside.
The Company is well positioned to deliver future growth through the optimisation of its existing 100% owned asset base and the acquisition of long life, low decline conventional production assets.
i3 is dedicated to responsible corporate practices and the environment, and places high value on adhering to strong Environmental, Social and Governance (“ESG”) practices. i3 is proud of its performance to date as a responsible steward of the environment, people, and capital management. The Company is committed to maintaining an ESG strategy, which has broader implications to long-term value creation, as these benefits extend beyond regulatory requirements.
i3 Energy is listed on the AIM market of the London Stock Exchange under the symbol I3E and on the Toronto Stock Exchange under the symbol ITE. For further information on i3 Energy please visit https://i3.energy/.
This announcement does not contain inside information.
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