viewi3 Energy PLC

i3 Energy jumps as it spotlights Serenity prospect near Liberator field

The company estimates that Serenity contains P50 stock tank oil-initially-in-place of 197mln stock tank barrels

Offshore oil rig and tanker
Serenity is located in the North Sea

i3 Energy PLC (LON:I3E) shares jumped in early trading Wednesday after it highlighted the Serenity prospect in the vicinity of its Liberator field in the North Sea.

The oil & gas firm said Serenity is an amplitude supported feature that has an areal extent of circa 10 km2 and is interpreted to be the westerly extension into Block 13/23c of the Tain discovery.

WATCH: i3 Energy team suspect Liberator potential much bigger than current estimates

The Tain discovery well, drilled in September 2005, encountered 32° API oil in Captain and Coracle sands and was subsequently appraised by three wells.

The company estimates that Serenity contains P50 stock tank oil-initially-in-place (STOIIP) of 197mln stock tank barrels (MMstb).

This brings the total potential un-risked mid case STOIIP within i3’s licensed areas, which contains the Greater Liberator development and Serenity, to more than 500 MMstb.

I3 added that it would also be presenting the information on Serenity at the PROSPEX 2018 oil and gas exploration networking event in London on 12 and 13 December.

Shares were up 2.4% at 42.5p.

Quick facts: i3 Energy PLC

Price: 6.1 GBX

Market: AIM
Market Cap: £6.57 m

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events


The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

In exchange for publishing services rendered by the Company on behalf of i3 Energy PLC named herein, including the promotion by the Company of i3 Energy PLC in any Content on the Site, the Company receives from said...



i3 Energy team discuss acquisition of Toscana Energy and new growth business

i3 Energy Plc's (LON:i3E) Majid Shafiq and Graham Heath speak to Proactive London's Andrew Scott following the news this morning of a new strategic acquisition - picking up producing assets in Canada. i3E's secured terms to acquire Toronto listed Toscana Energy Income Corporation which owns...

on 30/3/20

2 min read