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
  -0.55 -7.86% 6.45 6.20 6.70 6.75 5.90 6.35 1,064,902 16:15:50
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Oil & Gas Producers 0.0 -2.0 -5.0 - 7

i3 Energy PLC Update on Issue of Equity

06/12/2019 7:00am

UK Regulatory (RNS & others)

I3 Energy (LSE:I3E)
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3 Months : From Nov 2019 to Feb 2020

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RNS Number : 9028V

i3 Energy PLC

06 December 2019

6 December 2019

i3 Energy plc

("i3" or the "Company")

Update on Issue of Equity

i3 Energy plc, an independent oil and gas company with assets and operations in the UK, announces that further to its announcement of 8(th) November 2019 ('Liberator A2 and Funding Update'), it is expecting to complete the subscriptions for 14,285,715 new ordinary shares in the Company at 35 pence per share from funds managed by Bybrook Capital LLP shortly and expects the admission of the new shares to be on or around 9(th) December 2019.



   i3 Energy plc 
    Majid Shafiq (CEO) / Graham Heath      c/o Camarco 
     (CFO)                                  Tel: +44 (0) 203 781 8331 
     WH Ireland Limited (Nomad and Joint 
    James Joyce, James Sinclair-Ford       Tel: +44 (0) 207 220 1666 
    GMP FirstEnergy (Joint Broker) 
    Jonathan Wright                        Tel: +44 (0) 207 448 0200 
    Canaccord Genuity Limited (Joint       Tel: +44 (0) 207 523 8000 
     Henry Fitzgerald- O'Connor, James 
     Jennifer Renwick, James Crothers       Tel: +44 (0) 203 781 8331 
  Notes to Editors: 
   i3 is an oil and gas development company initially focused 
   on the North Sea. The Company's core asset is the Greater 
   Liberator Area, located in Blocks 13/23d and 13/23c, to which 
   i3's independent reserves auditor attributes 11 MMBO of 2P 
   Reserves, 22 MMBO of 2C Contingent Resources and 47 MMBO of 
   mid-case Prospective Resources. The Greater Liberator Area 
   consists of the Liberator oil field discovered by well 13/23d-8 
   and the Liberator West extension. The Greater Liberator Area, 
   along with the Company's Serenity Prospect located in the 
   northern half of Block 13/23c and for which it carries a STOIIP 
   of 197 MMbbls, are owned and operated on a 100% working 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. 
   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 news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact or visit



(END) Dow Jones Newswires

December 06, 2019 02:00 ET (07:00 GMT)

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