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i3 Energy team suspect Liberator potential much bigger than current estimates

i3 Energy PLC's (LON:I3E) chief executive Majid Shafiq and CFO Graham Heath speak to Proactive London's Andrew Scott as efforts to secure a joint venture partner for the Liberator field officially gets underway.

''The data room will be opening shortly and we've started the marketing process, we've approached counter-parties and had a good response to date'', Shafiq says.

i3's looking to submit an enlarged field development plan (FDP) to the UK Oil & Gas Authority for two North Sea blocks by the end of the year.

Based on the company’s mapping and analysis, the previous mid-case stock tank oil-initially-in-place (STOIIP) estimate of 237mln barrels pertaining to the company’s wholly-owned UK North Sea blocks 13/23d and 13/23c has been revised to 314mln barrels.

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Price: 38.25 GBX

AIM:I3E
Market: AIM
Market Cap: £35.74 m
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