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i3 Energy team discuss multi-well drill campaign and development plans for 2019

Published: 00:23 12 Jan 2019 AEDT

i3 Energy plc's (LON:i3E) CEO Majid Shafiq and CFO Graham Heath discuss with Proactive London's Andrew Scott a letter of intent that's been signed for a multi-well drill programme that’s intended to take the Liberator field to the cusp of production.

The company's received proposals regarding offtake terms for Liberator’s future production plus they also give an update as to the ongoing project financing work.

They're presently negotiating terms for US$100-130mln of debt to fund appraisal drilling and the Phase 1 Liberator development capital expenditure with an agreement expected in the near-term.

i3 Energy grants exclusivity period to potential farm-in partner for...

i3 Energy PLC's (LON:I3E) Graham Heath tells Proactive's Andrew Scott they've granted a period of exclusivity to an unnamed company for a potential farm-in deal for both the Liberator and Liberator West blocks in the UK North Sea. Heath says the contractual negotiations would, if...

on 27/6/18