Submission of 'Environmental Statement' and 'FDP'

RNS Number : 3344S

i3 Energy PLC

02 October 2017

 

2 October 2017

i3 Energy plc

("i3" or the "Company")

Submission of 'Environmental Statement' and 'Field Development Plan' for the Liberator Field Development

i3 Energy plc, an independent oil and gas company with assets and operations in the UK, is pleased to announce that the Environmental Statement ('ES') for the development of i3's 100% operated and owned Liberator field has been submitted to the Department for Business, Environment and Industrial Strategy ('BEIS') for review and, as is mandatory, for public consultation.

The ES addresses potential environmental impacts from the Liberator development and is an important element in the approval process for the Liberator Field Development Plan ('FDP'). The ES, in addition to the review by BEIS, has been sent for comment to appropriate stakeholders as well as being published for public consultation.

A copy of the ES is available on the Company's website at www.i3.energy.

i3 is also pleased to announce that, as requested by the Oil & Gas Authority ('OGA'), the Company has now submitted its FDP for the Liberator development to the OGA and will continue with the review process through the coming weeks.

John Woods, i3's Chief Developments Officer, commented 

"Submission of the Liberator Field Environmental Statement for public and BEIS review marks another important milestone for i3 with respect to project delivery. Further, with the FDP review process, we continue to make excellent progress through the planning and approvals required to allow us to execute the field development during 2018."

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CONTACT DETAILS:

i3 Energy plc
Neill Carson (CEO) / Graham Heath (CFO)	c/o Camarco Tel: [phone]
WH Ireland Limited (Nomad and Joint Broker)
James Joyce, James Bavister	Tel: [phone]
Cantor Fitzgerald Europe (Joint Broker)
Sarah Wharry	Tel: [phone]
GMP FirstEnergy (Joint Broker)
Jonathan Wright, David van Erp	Tel: [phone]
Camarco Georgia Edmonds, Jane Glover, James Crothers	Tel: [phone]

Notes to Editors:

i3 Energy 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 Energy 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.

 

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