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i3 Energy awarded exploration licence in UK auction round

Wednesday, 23rd May 2018
Independent oil and gas company i3 Energy said the UK government had awarded it with its sole licencing application target in a recent auction round.

Block 13/23c contained a material extension of the Liberator field, with further prospectivity identified by the company outside the Liberator trend, it said.

An appraisal well was being planned for late 2018, with AGR TRACS International estimating a 70% chance of finding commercial hydrocarbon volumes.

At 1:47pm: (LON:I3E) I3 Energy Plc Ord 0.01p share price was +28p at 117.5p

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