i3 Energy’s CEO, Majid Shafiq and CFO, Graham Heath on the Gain Energy acquisition
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On The Vox Markets Podcast today: i3 Energy’s CEO, Majid Shafiq and CFO, Graham Heath on the Gain Energy acquisition
Majid Shafiq, CEO of , and CFO, Graham Heath, discuss today’s follow-on deal to sell the Gain assets to Harvard Resources which will occur following the completion of the group’s previously announced C$80 million reverse takeover . The pair outlined to investors the key terms of the Gain Energy acquisition while also touching on the company’s FY2019 final results and future outlook.
i3 Energy’s core asset is the Liberator oil field discovered by well 13/23d-8 located in License P.1987, Block 13/23d in which it has a 100% operated interest. i3 Energy’s strategy is to focus on the development of discoveries located close to existing infrastructure and the exploitation of producing fields, whilst maintaining limited exploration exposure. i3 Energy has a strong management team with a track record of delivery.
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