i3 Energy Canada Ltd., 2023년 예비비 발표
월 25 2024
i3 에너지 PLC
("i3", "i3 Energy", "i3 Canada" 또는 "회사")
i3 Energy Canada Ltd. Announces Year-End 2023 Reserves
영국과 캐나다에 자산과 사업을 두고 있는 독립 석유 및 가스 회사인 i3 Energy plc(AIM:I3E)(TSX:ITE)는 자회사 i2023 Energy에 대한 3년 연말 매장량 보고서 결과를 발표하게 된 것을 기쁘게 생각합니다. 캐나다 주식회사
i3's independent reserve report (the "GLJ report") was prepared by GLJ Ltd. ("GLJ") in accordance with standards contained in the Canadian Oil and Gas Handbook (COGEH) and National Instrument 51-101 Standards of Disclosure for Oil and Gas Activities ("NI 51-101"), with an effective date of 31 December 2023. All cash figures presented below are expressed in USD unless otherwise stated.
하이라이트
Successful Execution of 2023 Capital Programme and Strong Performance of the Company's Production Base Maintained Reserve Volumes Across Key Categories Despite Limited Capital Expenditures Due to Declining Commodity Prices
· Total Company Interest Total Proved ("1P") reserves and Total Proved plus Probable ("2P") reserves were effectively maintained year-over-year at 92.9 million barrels of oil equivalent ("boe") and 179.9 million boe, respectively.
· Proved Developed Producing ("PDP"), 1P and 2P reserve volumes all experienced strong positive technical revisions, despite the dramatic reduction in forecasted natural gas and natural gas liquids pricing which impacts approximately 76% of the Company's produced commodities.
Established Reserves Highlights Strong Underlying Corporate Value
· The Before-tax Net Present Value ("NPV") of cash flows attributable to the Company's reserves, discounted at 10%, has been determined to be USD 303.1 million (CAD 400.9 million), USD 501.3 million (CAD 663.1 million), and USD 1,026.4 million (CAD 1,357.5 million) for its PDP, 1P and 2P reserves, respectively, being indicative of the Company's robust portfolio of economic development opportunities.
· Reserves values per share, after adjusting for year-end net debt of approximately USD 23 million, of £0.18 per share (CAD 0.31) (PDP), £0.31 per share (CAD 0.53) (1P) and £0.67 per share (CAD 1.10) (2P), represent significant premiums to the Company's current share price.
Long Reserve Life and Low Decline Rate Reinforce the Sustainability of the Company's Total Return Model
· PDP, 1P and 2P reserve life index of 7.1 years, 12.6 years, and 23.0 years, respectively, show increased reserve life across each of the categories.
· Following the 2023 capital programme, i3's top-tier corporate decline rate for 2024 of approximately 15%(10), allied with an extensive portfolio of diversified booked drilling locations, underpins the Company's growth and income strategy.
Strong Finding, Development and Acquisition ("FD&A") Metrics and Recycle Ratios
· Very strong economics demonstrated by low cost and high return projects.
· Efficient FD&A of $5.67/boe (PDP), $2.32/boe (1P) and $1.76/boe (2P), after including changes in FDC, translate to strong recycle ratios of 2.17x (PDP), 5.31x (1P) and 6.97x (2P).
Large Inventory of Booked Development Locations with Significant Inventory of Future Unbooked Locations
· Total gross booked locations of 391 (254.4 net) across the Company's four core areas, for a total Company inventory (booked and unbooked) of greater than 950 gross (550 net) undeveloped locations.
· Total undeveloped inventory represents greater than 50 years of development drilling based on the Company's 2023 capital programme.
i3 Energy plc의 CEO인 Majid Shafiq는 다음과 같이 말했습니다.
"We are extremely pleased with the results of our 2023 year-end reserves audit which once again confirms the high-quality nature of our assets and speaks to the tenacity and diligence of our employees in Canada, both in the head office and at field level. In 2023 we limited our capital expenditures due to the low commodity price environment and despite that, we have managed to maintain our reserves volumes essentially flat. This is a testament to the quality of our base assets and also our drilling inventory. This quality is characterised by a low decline rate, the substantial scale of our operations and the diversity of the fields and reservoirs we produce from, which allows us to add reserves with good oil field management in addition to drilling operations. Our 2P reserves are valued at over USD 1.0 billion or £0.67 per share, demonstrating the value potential of this portfolio, and the scope for many years of growth from a total shareholder return perspective."
2023 예비군 검토
i3's independent reserve report (the "GLJ report") was prepared by GLJ Ltd. ("GLJ") in accordance with standards contained in the Canadian Oil and Gas Handbook (COGEH) and National Instrument 51-101 Standards of Disclosure for Oil and Gas Activities ("NI 51-101"), with an effective date of 31 December 2023.The reserves evaluation was based on the average forecast pricing of GLJ, McDaniel & Associates Consultants Ltd. and Sproule Associates Limited ("3 Consultants Average", or "3CA") and foreign exchange rates at 1 January 2024.
Reserves included are Company Interest reserves which reflect i3's total working interest reserves before the deduction of any royalties and including any royalty interests payable to the Company. Additional reserve information as required under NI 51-101 will be included on Forms 51-101 F1-F3 which will be filed on SEDAR+ at www.sedarplus.ca . The numbers outlined in the tables below may not add due to rounding.
준비금 요약
The tables below outline GLJ's estimates of i3's reserves at 31 December 2023.
i3 YE 2023 - 예약 볼륨 | |||||
| 회사 이자 준비금 | ||||
매장량 카테고리 | 기름 | NGL | 가스 | 금액 | 액체 가중치 |
엠블 | 엠블 | MMcf | 음보에 | ||
입증된 생산 | 7,185 | 15,144 | 148,627 | 47,100 | 47% |
Proved non-Producing | 128 | 773 | 7,031 | 2,073 | 43% |
미개발로 판명 | 5,973 | 14,814 | 137,856 | 43,763 | 47% |
입증된 총계 | 13,286 | 30,731 | 293,515 | 92,936 | 47% |
가능한 생산 | 9,575 | 19,810 | 194,024 | 61,723 | 48% |
총 가능성 | 19,179 | 25,630 | 252,731 | 86,931 | 52% |
입증 및 개연성 | 32,465 | 56,361 | 546,247 | 179,867 | 49% |
i3 YE 2023 - 예비 가치 | |||||
| Before Tax Net Present Value (USD M)
할인율 | ||||
0% | 5% | 10% | 15% | 20% | |
입증된 생산 | 251,569 | 342,870 | 303,140 | 262,382 | 230,319 |
검증된 개발 비생산 | 16,489 | 12,920 | 10,454 | 8,681 | 7,364 |
미개발 입증 | 438,715 | 283,408 | 187,733 | 126,418 | 85,373 |
입증된 총계 | 706,773 | 639,198 | 501,327 | 397,481 | 323,055 |
가능한 생산 | 477,183 | 470,120 | 386,120 | 321,997 | 276,059 |
총 가능성 | 1,308,636 | 794,983 | 525,070 | 367,867 | 268,697 |
입증 및 개연성 | 2,015,408 | 1,434,180 | 1,026,396 | 765,349 | 591,752 |
성과 측정 - 발견 및 개발("F&D"), 발견, 개발 및 획득("FD&A") 비용 및 재활용 비율
F&D and FD&A costs for 2023, 2022, 2021 and the three-year average are presented in the tables below. The capital costs used in the calculations are those costs related to land acquisition and retention, seismic, drilling, completions, tangible well site, tie-ins, and facilities, plus the change in estimated Future Development Costs ("FDC") as per the GLJ report. Net acquisition costs are the cash outlays in respect of acquisitions, minus the proceeds from the disposition of properties during the year. The reserves used in this calculation are working interest reserve additions, including technical revisions and changes due to economic factors. The recycle ratio is the net operating income (revenue minus royalties, opex, transportation and processing) per barrel divided by the cost per barrel (F&D or FD&A).
| 2023 | 2022 | 2021 | 3년 평균 |
검증된 개발 생산 | ||||
F&D costs (per boe) | $5.70 | $9.89 | $2.41 | $6.72 |
F&D 재활용률 | SR 2.2x | SR 2.2x | SR 5.7x | SR 2.4x |
FD&A costs (per boe) | $5.67 | $9.89 | $1.81 | $3.92 |
FD&A 재활용률 | SR 2.2x | SR 2.2x | SR 7.5x | SR 4.1x |
증명된 총계 | ||||
F&D costs (per boe) | $2.32 | $14.74 | $3.72 | $8.81 |
F&D 재활용률 | SR 5.3x | SR 1.5x | SR 3.7x | SR 1.8x |
FD&A costs (per boe) | $2.32 | $14.74 | $4.17 | $6.08 |
FD&A 재활용률 | SR 5.3x | SR 1.5x | SR 3.3x | SR 2.7x |
증명된 총계 + 확률 | ||||
F&D costs (per boe) | $1.77 | $15.26 | $3.17 | $10.96 |
F&D 재활용률 | SR 7.0x | SR 1.4x | SR 4.3x | SR 1.5x |
FD&A costs (per boe) | $1.76 | $15.26 | $4.00 | $6.62 |
FD&A 재활용률 | SR 7.0x | SR 1.4x | SR 3.4x | SR 2.5x |
예비 수명 지수("RLI")
RLI는 GLJ 보고서에서 총 회사 이자 준비금을 가져와 GLJ 보고서에서 추정된 2024년 예상 생산량으로 나누어 계산합니다.
회사 이자 준비금 |
| 2024년 회사 생산 |
| 예 2023 RLI |
| |
매장량 카테고리 | (음보에) |
| (음보에) |
| (연령) |
|
| ||||||
입증된 생산 | 47,100 | 6,666 | 7.1 | |||
입증된 총계 | 92,936 | 7,349 | 12.6 | |||
입증 및 예상 생산 | 61,723 | 6,934 | 8.9 | |||
입증 및 개연성 | 179,867 | 7,828 | 23.0 |
견적에 사용된 예측 가격
GLJ는 GLJ 보고서에 3명의 컨설턴트 평균 예측 가격을 사용했습니다. 3년 2월 2038일 기준 31CA 예측 가격, 환율 및 인플레이션(2023년 이후 XNUMX%) 가정은 아래 표에 나와 있습니다.
| 캐나다 라이트 스위트 | 서부 캐나다 선택 | 앨버타 AECO-C | 펜탄 플러스 | 부탄 | 프로판 | 인플레이션 율 | 환율 |
| 40° API | WCS 20.5 API | Spot | FOB 에드먼턴 |
| |||
출간연도 | ($Cdn/bbl) | ($Cdn/bbl) | ($Cdn / MMBTU) | ($Cdn/bbl) | ($Cdn/bbl) | ($Cdn/bbl) | (% / 년도) | (달러/캐나다) |
| ||||||||
2024 | 92.91 | 76.74 | 2.20 | 96.79 | 47.69 | 29.65 | 0.0 | 0.752 |
2025 | 95.04 | 79.77 | 3.37 | 98.75 | 48.83 | 35.13 | 2.0 | 0.752 |
2026 | 96.07 | 81.12 | 4.05 | 100.71 | 49.36 | 35.43 | 2.0 | 0.755 |
2027 | 97.99 | 82.88 | 4.13 | 102.72 | 50.35 | 36.14 | 2.0 | 0.755 |
2028 | 99.95 | 85.04 | 4.21 | 104.78 | 51.35 | 36.87 | 2.0 | 0.755 |
2029 | 101.95 | 86.74 | 4.30 | 106.87 | 52.38 | 37.60 | 2.0 | 0.755 |
2030 | 103.98 | 88.48 | 4.38 | 109.01 | 53.43 | 38.35 | 2.0 | 0.755 |
2031 | 106.07 | 90.24 | 4.47 | 111.19 | 54.50 | 39.12 | 2.0 | 0.755 |
2032 | 108.18 | 92.04 | 4.56 | 113.41 | 55.58 | 39.90 | 2.0 | 0.755 |
2033 | 110.35 | 93.89 | 4.65 | 115.67 | 56.70 | 40.70 | 2.0 | 0.755 |
2034 | 112.56 | 95.77 | 4.74 | 117.98 | 57.83 | 41.52 | 2.0 | 0.755 |
2035 | 114.81 | 97.68 | 4.84 | 120.34 | 58.99 | 42.35 | 2.0 | 0.755 |
2036 | 117.10 | 99.63 | 4.94 | 122.75 | 60.17 | 43.20 | 2.0 | 0.755 |
2037 | 119.44 | 101.63 | 5.03 | 125.20 | 61.37 | 44.06 | 2.0 | 0.755 |
2038 | 121.83 | 103.66 | 5.13 | 127.71 | 62.60 | 44.94 | 2.0 | 0.755 |
| 이후 상승률 2% |
배송 시 요청 사항:
1. $ = USD.
2. Any year-end figures converted from CAD to USD are done so at CAD 1.32 to USD 1, any 2023 full-year figures converted from CAD to USD are done so at?CAD 1.35?to?USD 1, and any figures converted from CAD to GBP are done so at?CAD 1.68?to?GBP 1.
3. Reserves estimates have been prepared by GLJ in accordance with standards contained in the Canadian Oil and Gas Evaluation (COGE) Handbook.
4. Total Company Interest - Represents the sum of the company's working interest and any royalty interests it may hold.
5. Working Interest - Represents the percentage of ownership in a specific property's mineral rights that a company holds.
6. Proved reserves are those reserves that can be estimated with a high degree of certainty to be recoverable. If probabilistic methods are used, there should be at least a 90% probability that the quantities actually recovered will be equal to or exceed the estimate.
7. Probable reserves are those additional reserves that are less certain to be recovered than proved reserves. It is equally likely that the actual remaining quantities recovered will be greater or less than the sum of the estimated Proved plus Probable (2P) reserves. When probabilistic methods are used, there should be at least a 50% probability that the actual quantities recovered will be equal to or exceed the 2P estimate.
8. 개발 매장량은 생산 가능하게 만드는 데 상당한 지출이 필요하지 않은 기존 우물 및 시설에서 알려진 축적물에서 회수될 것으로 예상되는 매장량입니다. 할당된 매장량 범주(예: 입증 또는 가능성 있음)의 요구 사항을 완전히 충족해야 합니다.
9. Developed producing reserves are those reserves expected to be recovered from completion intervals that are open and producing at the effective date of the estimate.
10. Proved plus Probable Developed Producing (2PDP) reserves are those reserves for which there is a 50% probability that the actual quantity of oil and gas that will be recovered from the current producing assets will equal or exceed the 2PDP estimate.
11. Undeveloped reserves are those reserves expected to be recovered from known accumulations where a significant expenditure (for example, when compared to the cost of drilling a well) is required to render them capable of production. They must fully meet the requirements of the reserves category (for example proved or probable) to which they are assigned.
12. The Company is in a tax paying position due to fully utilising its Canadian non-capital tax loss pools during the year ended 31 December 2022.
13. F&D costs are calculated as exploration and development expenditures, plus changes in future development capital. F&D costs are also presented on a per Boe basis, dividing F&D costs by the change in reserve volumes plus production volumes in the applicable period.
14. "FD&A costs" are calculated as exploration and development expenditures, plus acquisition costs, disposition proceeds, and changes in future development capital. FD&A costs are also presented on a per Boe basis, dividing FD&A costs by the change in reserve volumes (including reserve volumes associated with acquisitions and dispositions) plus applicable production volumes.
15. Recycle ratio is calculated as the operating netback per boe divided by F&D or FD&A costs per boe as applicable. The operating netbacks used in the respective years are as follows: 2023 (unaudited and in USD) - $12.30/boe; 2022 - $21.84/boe, 2021 - $13.67/boe and the three-year average is $16.25/boe.
16. Reserves Life Index is calculated by dividing the relevant reserve volume at year end, in boe, by i3's annual production during the year, in boe.
17. Per share numbers are calculated by dividing by the basic shares outstanding as at December 31, 2023 of 1,202,447,663.
END
문의 :
i3 에너지 PLC 마지드 샤피크 (CEO) | c/o 카마르코 전화 : + 44 (0) 203 757 4980
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WH Ireland Limited(노매드 및 조인트 Broker) James Joyce, Darshan Patel, Isaac Hooper |
전화 : + 44 (0) 207 220 1666
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테니슨증권(공동 Broker) 피터 크렌스 |
전화 : + 44 (0) 207 186 9030
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Stifel Nicolaus Europe Limited(공동 Broker) 애쉬튼 클랜필드, 칼럼 스튜어트 |
전화 : + 44 (0) 20 7710 7600
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카마르코 앤드류 터너, 바이올렛 윌슨, 샘 모리스 |
전화 : + 44 (0) 203 757 4980 |
편집자 참고 사항 :
i3 Energy는 캐나다에서 가장 생산적인 탄화수소 지역인 서부 캐나다 퇴적물 분지와 북해의 평가 자산에 저비용으로 다양하고 성장하는 생산 기반을 보유하고 있는 석유 및 가스 회사입니다.
회사는 기존 자산 기반의 최적화와 수명이 길고 감소율이 낮은 기존 생산 자산의 인수를 통해 미래 성장을 제공할 수 있는 유리한 위치에 있습니다.
i3는 책임 있는 기업 관행과 환경에 전념하며 강력한 환경, 사회 및 지배 구조("ESG") 관행을 준수하는 데 높은 가치를 둡니다. i3는 현재까지 환경, 사람, 자본 관리에 대한 책임 있는 관리자로서의 성과를 자랑스럽게 생각합니다. 회사는 이러한 혜택이 규제 요건을 넘어 확장되기 때문에 장기적인 가치 창출에 더 광범위한 영향을 미치는 ESG 전략을 유지하기 위해 최선을 다하고 있습니다.
i3 Energy는 I3E라는 기호로 런던 증권 거래소의 AIM 시장에, ITE라는 기호로 토론토 증권 거래소에 상장되어 있습니다. i3 Energy에 대한 자세한 내용은 https://i3.energy를 참조하십시오.
유자격자 진술서
In accordance with the AIM Note for Mining and Oil and Gas Companies, i3 discloses that Majid Shafiq is the qualified person who has reviewed the technical information contained in this document. He has a Master's Degree in Petroleum Engineering from Heriot-Watt University and is a member of the Society of Petroleum Engineers. Majid Shafiq consents to the inclusion of the information in the form and context in which it appears.
이 발표는 개정된 유럽 연합(철회)법 7("MAR")에 따라 영국 법률의 일부인 규정(EU) No 596/2014의 영국 버전 2018조의 목적을 위한 내부 정보를 포함합니다. 규제 정보 서비스를 통해 이 발표가 게시되면 이 내부 정보는 이제 공개 도메인에 있는 것으로 간주됩니다.
RNS는 귀하의 IP 주소를 사용하여 약관 준수 여부를 확인하고, 귀하가 이 커뮤니케이션에 포함된 정보를 사용하는 방식을 분석하고, 그러한 분석을 익명으로 다른 사람과 상용 서비스의 일부로 공유할 수 있습니다. RNS와 런던 증권 거래소가 귀하가 제공한 개인 데이터를 사용하는 방법에 대한 자세한 내용은 개인 정보 보호 정책을 참조하십시오.