i3 Energy PLC (AIM: I3E) (TSX: ITE), an independent oil and gas company with assets and operations in the UK and Canada, announces the following update regarding Serenity.
i3 Energy is aware that the licence for the Tain discovery (previously held by RSRUK and Rockrose Energy) recently lapsed and that the Tain acreage is, therefore, unlicenced and available to be re-licenced in the future.
We have been working for some time to advance a solution for the Blake / Tain / Serenity area but this has made little progress whist the previous Tain licensees were unable to approve additional investment.
With the acreage now unlicenced, additional options for the area may now come available and i3 and its partner in the Serenity field, Europa Oil and Gas are commencing discussions with the NSTA and other interested parties to explore the remaining potential of the wider area.
Enquiries:
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i3 Energy plc Majid Shafiq (CEO) |
