i3 Energy PLC Serenity Update (6509O)
October 04 2023 - 1:00AM
UK Regulatory
TIDMI3E
RNS Number : 6509O
i3 Energy PLC
04 October 2023
4 October 2023
i3 Energy plc
("i3", "i3 Energy", or the "Company")
Serenity Update
i3 Energy PLC (AIM:I3E) (TSX:ITE), an independent oil and gas
company with assets and operations in the UK and Canada, announces
the following update regarding Serenity.
i3 Energy is aware that the licence for the Tain discovery
(previously held by RSRUK and Rockrose Energy) recently lapsed and
that the Tain acreage is therefore unlicenced and available to be
re-licenced in the future.
We have been working for some time to advance a solution for the
Blake / Tain / Serenity area but this has made little progress
whist the previous Tain licensees were unable to approve additional
investment. With the acreage now unlicenced, additional options for
the area may now come available and i3 and its partner in the
Serenity field, Europa Oil and Gas are commencing discussions with
the NSTA and other interested parties to explore the remaining
potential of the wider area.
Enquiries:
i3 Energy plc c/o Camarco
Majid Shafiq (CEO) Tel: +44 (0) 203 781 8338
WH Ireland Limited (Nomad
and Joint Broker) Tel: +44 (0) 207 220 1666
James Joyce, Darshan Patel
Tennyson Securities (Joint
Broker) Tel: +44 (0) 207 186 9030
Peter Krens
Stifel Nicolaus Europe Limited
(Joint Broker) Tel: +44 (0) 20 7710 7600
Ashton Clanfield, Callum Stewart
Camarco
, Violet Wilson, Sam Morris Tel: +44 (0) 203 781 8338
Notes to Editors:
i3 Energy is an oil and gas Company with a low cost,
diversified, growing production base in Canada's most prolific
hydrocarbon region, the Western Canadian Sedimentary Basin and
appraisal assets in the North Sea with significant upside.
The Company is well positioned to deliver future growth through
the optimisation of its existing 100% owned asset base and the
acquisition of long life, low decline conventional production
assets.
i3 is dedicated to responsible corporate practices and the
environment, and places high value on adhering to strong
Environmental, Social and Governance ("ESG") practices. i3 is proud
of its performance to date as a responsible steward of the
environment, people, and capital management. The Company is
committed to maintaining an ESG strategy, which has broader
implications for long-term value creation, as these benefits extend
beyond regulatory requirements.
i3 Energy is listed on the AIM market of the London Stock
Exchange under the symbol I3E and on the Toronto Stock Exchange
under the symbol ITE. For further information on i3 Energy please
visit https://i3.energy/ .
This announcement contains inside information for the purposes
of Article 7 of the UK version of Regulation (EU) No 596/2014 which
is part of UK law by virtue of the European Union (Withdrawal) Act
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END
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