Share Price.com
Market Update Economic Events Directors Deals Commodities Prices News Market Movers

i3 Energy losses widen as it targets first oil for Liberator

Friday, 1st June 2018
Oil and gas company i3 Energy, reported Friday pre-tax losses widened to £2.9m for the year to the end of December, up from £404,000 from the previous year.

The company said performance was held back from rising expenses relating to the its day-to-day operations, the ongoing development of its Liberator asset, i3 Energy plc's AIM listing and accrued interest in relation to i3's loan motes.

The said the discounted value of its 2P reserves were $328m. The company said its focus for the remainder of 2018 would be to target first oil for Liberator next year.

'We look forward to the remainder of 2018 with excitement as we aim to unlock Liberator's full potential while seeking out target acquisitions from which we can extract shareholder value,' said Neill Carson, CEO of i3 Energy.


At 9:35am: (LON:I3E) I3 Energy Plc Ord 0.01p share price was +6.5p at 118.5p



Story provided by StockMarketWire.com

Related Shares: I3 Energy

Share Search
Share Search Share Search

Visit the Share Search.
Share Search

Share News
Share News



SharePrice.com will do their best to ensure the quality of the information displayed on this site, but all information is provided as-is, free of charge. We cannot be held responsible for any loss, material or otherwise, due to incorrect information found here. UK data supplied by NBTrader and Digital Look. Share Prices are at least 15 minutes delayed.