i3 Energy PLC (AIM:I3E, TSX:ITE, OTC:ITEEF) chief executive Majid Shafiq takes Proactive's Thomas Warner through the plans for the Serenity field in the North Sea after the appraisal well results.
While disappointed by the results, he says the company will now integrate the data from the well into its reservoir model.
Due to expected low development and operating costs, he says there is still potentially a viable development plan for a small field around the discovery.