We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
I3 Energy Plc | LSE:I3E | London | Ordinary Share | GB00BDHXPJ60 | ORD 0.01P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
-0.08 | -0.73% | 10.84 | 10.84 | 11.06 | 11.44 | 10.82 | 11.44 | 1,328,984 | 12:00:07 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Crude Petroleum & Natural Gs | 208.44M | 41.95M | 0.0349 | 3.11 | 130.28M |
TIDMI3E
RNS Number : 6798I
i3 Energy PLC
23 March 2018
23 March 2018
i3 Energy plc
("i3" or the "Company")
Funding update
i3 Energy plc, an independent oil and gas company with assets and operations in the UK, is pleased to update the market on its funding progress.
On 31 January 2018, i3 Energy announced that Joint Venture ("JV") discussions were at an advanced stage with multiple industrial partners relating to both i3's 100% owned Liberator Oil Field and its 30(th) Offshore Licensing Round ("30(th) Round") application. These discussions remain ongoing and the Company expects to reach a conclusion in due course.
There can be no certainty that these negotiations and discussions will lead to definitive agreements.
Neill Carson, i3's CEO, commented:
"We are pleased to report that we are making continued progress on our JV discussions with multiple industrial partners relating to both i3's 100% owned Liberator Oil Field and its 30(th) Round application. We look forward to updating our shareholders as agreements materialize."
ENDS
CONTACT DETAILS:
i3 Energy plc Neill Carson (CEO) / Graham c/o Camarco Heath (CFO) Tel: +44 (0) 203 757 4980 WH Ireland Limited (Nomad and Joint Broker) James Joyce, James Sinclair-Ford Tel: +44 (0) 207 220 1666 GMP FirstEnergy (Joint Broker) Jonathan Wright, David van Tel: +44 (0) 207 Erp 448 0200 Camarco Georgia Edmonds, Jane Glover, Tel: +44 (0) 203 James Crothers 757 4980
Notes to Editors:
i3 is an oil and gas development company initially focused on the North Sea. The Company's core asset is the Liberator oil field discovered by well 13/23d-8 located in License P.1987, Block 13/23d in which it has a 100% operated interest.
The Company's strategy is to acquire high quality, low risk producing and development assets, to broaden its portfolio and grow its reserves and production.
i3 has a strong management team with a track record of delivery and was founded by Neill Carson, previously founder and CEO of Ithaca Energy, where he built an asset portfolio including multiple developments.
The information contained within this announcement is deemed by the Company to constitute inside information under the Market Abuse Regulation (EU) No. 596/2014.
This information is provided by RNS
The company news service from the London Stock Exchange
END
UPDKMGZFNZLGRZM
(END) Dow Jones Newswires
March 23, 2018 03:00 ET (07:00 GMT)
1 Year I3 Energy Chart |
1 Month I3 Energy Chart |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions