i3 Energy PLC i3 Provides Liberator Update (0882L)
December 20 2018 - 2:00AM
UK Regulatory
TIDMI3E
RNS Number : 0882L
i3 Energy PLC
20 December 2018
20 December 2018
i3 Energy plc
("i3" or the "Company")
i3 Energy Provides Liberator Update
i3 Energy plc, an independent oil and gas company with assets
and operations in the UK, is pleased to announce that it continues
to progress the necessary documentation with the UK's Oil & Gas
Authority ("OGA") to achieve Field Development Plan ("FDP")
approval in early 2019 for the Company's 100% owned and operated
Liberator development.
i3 expects to enter the final authorisation phase of the OGA's
FDP planning and consent process in Q1 2019 and continues to
position itself for mid-2019 development execution with Liberator
Phase I first oil anticipated in mid-2020.
John Woods, i3's COO, commented
"We are pleased by the progress being made towards Liberator
Phase I field development approval and are appreciative of the
ongoing support and guidance of the OGA."
ENDS
CONTACT DETAILS:
i3 Energy plc
Majid Shafiq (CEO) / Graham Heath c/o Camarco
(CFO) Tel: +44 (0) 203 757 4980
WH Ireland Limited (Nomad and Joint
Broker)
James Joyce, James Sinclair-Ford Tel: +44 (0) 207 220 1666
GMP FirstEnergy (Joint Broker)
Jonathan Wright, David van Erp Tel: +44 (0) 207 448 0200
Canaccord Genuity Limited (Joint Tel: +44 (0) 207 523 8000
Broker)
Henry Fitzgerald- O'Connor, James
Asensio
Camarco
Georgia Edmonds, Jane Glover, James Tel: +44 (0) 203 757 4980
Crothers
Notes to Editors:
i3 is an oil and gas development company initially focused on the North Sea. The Company's
core asset is the Greater Liberator Area, located in Blocks 13/23d and 13/23c, containing
11 MMBO of 2P Reserves, 22 MMBO of 2C Contingent Resources and 47 MMBO of mid-case Prospective
Resources. The Greater Liberator Area consists of the Liberator oil field discovered by well
13/23d-8 and the Liberator West extension, both of which i3 hold a 100% working interest in.
The Company's strategy is to acquire high quality, low risk producing and development assets,
to broaden its portfolio and grow its reserves and production.
The information contained within this announcement is deemed by the Company to constitute
inside information under the Market Abuse Regulation (EU) No. 596/2014.
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
UPDURONRWUAUURA
(END) Dow Jones Newswires
December 20, 2018 02:00 ET (07:00 GMT)
I3 Energy (LSE:I3E)
Historical Stock Chart
From Apr 2024 to May 2024
I3 Energy (LSE:I3E)
Historical Stock Chart
From May 2023 to May 2024