viewi3 Energy PLC

I3 Energy says Liberator 13/23c-9 pilot well to be plugged and abandoned

The firm will obtain a vertical seismic profile in the well to help with future plans for a development well elsewhere in the field

i3 Energy PLC - I3 Energy says Liberator 13/23c-9 pilot well to be plugged and abandoned

I3 Energy PLC (LON:I3E) said a pilot well at its Liberator field will did not reach its target area and so will be plugged and abandoned.

The oil and gas firm said the target upper Captain sand area had not been penetrated by the well and that more well data was needed to interpret and locate the key reservoir.

READ: i3 Energy says drilling on Liberator Field is underway

As a result, I3 said preparations were being made to obtain a vertical seismic profile in the well and also run a shear wave sonic log, after which 13/23c-9 would be plugged and abandoned.

The data would then be used to recalibrate and update the existing seismic models so that further drilling in the area would be better suited to locate a future development well.

The shares were down 40.4% at 33.3p in late-morning trading on Tuesday.

Quick facts: i3 Energy PLC

Price: 8 GBX

Market: AIM
Market Cap: £8.62 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 still confident of 'very large resource volumes' at Serenity and...

I3 Energy Plc's (LON:i3E) Majid Shafiq and Graham Heath speak to Proactive London's Andrew Scott after confirming the completion of its three-well 2019 drill programme. Looking ahead, it is now planning a summertime appraisal of the Serenity discovery and the Liberator West area. They say...

on 28/11/19

2 min read