i3 Energy PLC - Board and Operational Update
("i3" or the "Company")
Board and Operational Update
Site survey ongoing on Serenity and Liberator West (
i3 has contracted Fugro to conduct a site survey for its planned 2020 drilling programme. Work commenced on 30th January and is expected to conclude during February.
This ongoing operation will cover the remaining areas of Serenity and Liberator West's
i3 seeking a secondary listing
i3 will be seeking a secondary listing on an exchange by 30th
"The entire team at i3 extends its thanks to David for his stewardship of the Company since its listing onto AIM in 2017. He has been a 'hands-on' leader and has been critical in our decision-making process, and he will be greatly missed. The Company will conduct a formal search for a replacement, while
"The team is very much looking forward to conducting a high-impact drilling campaign starting in late summer, and the ongoing site survey being conducted by Fugro will ensure we have the data required to appraise anywhere within the mapped extents of Serenity or Liberator."
"I am pleased with what's been accomplished during my time at i3 and I'm confident that it remains in capable hands. i3 Energy has established itself as a company which is bold, innovative and working hard to extract value from its oil and gas licences."
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Notes to Editors:
i3 is an oil and gas development company initially focused on the
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
Quick facts: i3 Energy PLC
Market Cap: £6.57 m
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