i3 Energy PLC Funding update (6798I)
March 23 2018 - 3:00AM
UK Regulatory
TIDMI3E
RNS Number : 6798I
i3 Energy PLC
23 March 2018
23 March 2018
i3 Energy plc
("i3" or the "Company")
Funding update
i3 Energy plc, an independent oil and gas company with assets
and operations in the UK, is pleased to update the market on its
funding progress.
On 31 January 2018, i3 Energy announced that Joint Venture
("JV") discussions were at an advanced stage with multiple
industrial partners relating to both i3's 100% owned Liberator Oil
Field and its 30(th) Offshore Licensing Round ("30(th) Round")
application. These discussions remain ongoing and the Company
expects to reach a conclusion in due course.
There can be no certainty that these negotiations and
discussions will lead to definitive agreements.
Neill Carson, i3's CEO, commented:
"We are pleased to report that we are making continued progress
on our JV discussions with multiple industrial partners relating to
both i3's 100% owned Liberator Oil Field and its 30(th) Round
application. We look forward to updating our shareholders as
agreements materialize."
ENDS
CONTACT DETAILS:
i3 Energy plc
Neill Carson (CEO) / Graham c/o Camarco
Heath (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 Tel: +44 (0) 207
Erp 448 0200
Camarco
Georgia Edmonds, Jane Glover, Tel: +44 (0) 203
James Crothers 757 4980
Notes to Editors:
i3 is an oil and gas development company initially focused on
the North Sea. The Company'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.
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.
i3 has a strong management team with a track record of delivery
and was founded by Neill Carson, previously founder and CEO of
Ithaca Energy, where he built an asset portfolio including multiple
developments.
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 company news service from the London Stock Exchange
END
UPDKMGZFNZLGRZM
(END) Dow Jones Newswires
March 23, 2018 03:00 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