EASTLEIGH, UK / ACCESSWIRE / September 20, 2022 / i3 Vitality plc (“i3” or the “Firm”) (AIM:I3E)(TSX:ITE), an unbiased oil and gasoline firm with property and operations within the UK and Canada, pronounces the graduation of operations for the drilling of the Serenity appraisal effectively on UK Licence P.2358, Block 13/23c. i3 owns a 75% working curiosity within the area. The Stena Don semi-submersible drilling unit is now on contract to i3 and is on location getting ready for the spudding of the effectively, which is predicted to happen later this week. The drilling programme is predicted to final roughly 30 days.
Majid Shafiq, CEO of i3 Vitality plc, commented:
“i3 may be very happy to have commenced the appraisal of the Serenity discovery. The effectively is designed to show the extension of the reservoir to the west of the invention effectively 13/23c-10 and so show up extra hydrocarbon volumes in place. This may allow optimisation of any vital additional appraisal and a growth plan for the sphere. Additional updates can be supplied sooner or later.”
i3 Vitality plcMajid Shafiq (CEO) / Graham Heath (CFO)
c/o CamarcoTel: +44 (0) 203 781 8331
WH Eire Restricted (Nomad and Joint Dealer)James Joyce, Darshan Patel
Tel: +44 (0) 207 220 1666
Tennyson Securities (Joint Dealer)Peter Krens
Tel: +44 (0) 207 186 9030
Stifel Nicolaus Europe Restricted (Joint Dealer)Ashton Clanfield, Callum Stewart
Tel: +44 (0) 20 7710 7600
CamarcoGeorgia Edmonds, James Crothers, Violet Wilson
Tel: +44 (0) 203 781 8331
Notes to Editors:
i3 Vitality is an oil and gasoline Firm with a low value, diversified, rising manufacturing base in Canada’s most prolific hydrocarbon area, the Western Canadian Sedimentary Basin and appraisal property within the North Sea with important upside.
The Firm is effectively positioned to ship future progress by means of the optimisation of its current 100% owned asset base and the acquisition of lengthy life, low decline standard manufacturing property.
i3 is devoted to accountable company practices and the setting, and locations excessive worth on adhering to robust Environmental, Social and Governance (“ESG”) practices. i3 is happy with its efficiency to this point as a accountable steward of the setting, folks, and capital administration. The Firm is dedicated to sustaining an ESG technique, which has broader implications to long-term worth creation, as these advantages prolong past regulatory necessities.
i3 Vitality is listed on the AIM market of the London Inventory Alternate below the image I3E and on the Toronto Inventory Alternate below the image ITE. For additional info on i3 Vitality please go to https://i3.power/.
The Firm deems this announcement to represent inside info below the Market Abuse Regulation (EU) No. 596/2014.
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SOURCE: i3 Vitality PLC
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