i3 Energy PLC Board Changes (0789K)
19 December 2022 - 6:00PM
UK Regulatory
TIDMI3E
RNS Number : 0789K
i3 Energy PLC
19 December 2022
19 December 2022
i3 Energy plc
("i3" or the "Company")
Board Changes
i3 Energy plc (AIM: I3E) (TSX: ITE), an independent oil and gas
company with assets and operations in the UK and Canada confirms,
following the completion of relevant AIM rules requirements, the
previously announced appointment of Ryan Heath to the Board of
Directors as an Executive Director effective immediately.
Ryan Heath was appointed President of i3 Canada, following i3's
December 2020 acquisition of Toscana Energy Income Corporation,
where he served as the Chief Executive Officer since 2019. Prior to
Toscana, Ryan was VP Land & Negotiations at Paredes Energy
Corporation, and throughout his 23-year career in the Western
Canadian Sedimentary Basin has been instrumental in the growth and
development of several public and private E&P companies,
including Striker Exploration Corp., Hyperion Exploration Corp.,
and Severo Energy Corp. Ryan graduated from the University of
Calgary with a Bachelor of Commerce degree, specialising in
Petroleum Land Management.
The following information is disclosed pursuant to Schedule Two
paragraph (g) of the AIM Rules for Companies.
Ryan John McColl Heath, aged 46, owns 8,255,374 shares in the
Company, representing 0.69% of the issued share capital and has
1,666,666 options over ordinary shares with an exercise price of 11
pence.
A list of Ryan's current directorships and partnerships together
with those held within the last five years is set out below:
Current appointments Appointments within previous
5 years:
Berwick Consulting Ltd. Toscana Energy Income Corporation
----------------------------------
Bellevue Consulting Inc.
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i3 Energy Canada Limited
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No further information is required to be disclosed pursuant to
paragraph (g) of Schedule 2 of the AIM Rules.
Majid Shafiq, CEO of i3 Energy plc, commented:
"The Company is delighted to welcome Ryan to the board. His
knowledge and experience have been central to our successful growth
in Canada and his counsel will be critical to our continued growth
in that market."
On his appointment, Ryan Heath said:
"It's been an honour to have participated in building i3's
presence throughout the Western Canadian Sedimentary Basin, while
working alongside an incredibly driven and charismatic team, and
look forward to assist in the stewardship of the Company from this
elevated capacity."
END
Enquiries:
i3 Energy plc c/o Camarco
Majid Shafiq (CEO) Tel: +44 (0) 203 781 8331
WH Ireland Limited (Nomad
and Joint Broker) Tel: +44 (0) 207 220 1666
James Joyce, Darshan Patel,
Enzo Aliaj
Tennyson Securities (Joint
Broker) Tel: +44 (0) 207 186 9030
Peter Krens
Stifel Nicolaus Europe Limited
(Joint Broker) Tel: +44 (0) 20 7710 7600
Ashton Clanfield, Callum Stewart
Camarco
Georgia Edmonds, Violet Wilson, Tel: +44 (0) 203 781 8331
Sam Morris
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/ .
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END
BOADDBDDRGBDGDI
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