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I3 Energy agrees terms of £24mln junior loan package for Liberator programme

I3 Energy PLC (LON:I3E) has agreed on terms over a £24mln junior loan package to fund a three-well campaign on its Liberator field in the North Sea. Graham Heath and Majid Shafiq give Proactive London an update on today's news  as well as further detail on how their JV discussions are progressing. News here too on the drilling programme and what the next steps are operationally post-drilling as well as detail on what type of ineterste theyare seeing in the data room.

Quick facts: i3 Energy PLC

Price: 3.975 GBX

Market: AIM
Market Cap: £27.65 m

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i3 Energy team detail £30mln fundraise and Canada growth strategy

i3 Energy PLC's (LON:I3E) Majid Shafiq and Graham Heath speak to Proactive's Andrew Scott soon after confirming they've raised at least £29mln, with a further £1mln subject to regulatory approval. The company last week struck a deal to concurrently sell a package of the Gain assets to a third...

on 11/8/20

2 min read