i3 Energy has announced that it has relinquished the P.1987 licence, which contained a minimal amount of contingent resources and value pertaining to the Liberator East field. Based on our estimates, the 5 million barrels of oil equivalent resource potential in the licence area had a success-case value of 3.3p/sh. For perspective, the company’s Serenity discovery and its Minos High and Liberator West prospects have a combined success-case resource potential and value of 332 million barrels of oi ....
04 Jan 2021
Relinquishment of P.1987 licence
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Relinquishment of P.1987 licence
i3 Energy Plc (I3E:LON) | 11.6 0 0.0% | Mkt Cap: 139.2m
- Published:
04 Jan 2021 -
Author:
Brendan Long -
Pages:
5
i3 Energy has announced that it has relinquished the P.1987 licence, which contained a minimal amount of contingent resources and value pertaining to the Liberator East field. Based on our estimates, the 5 million barrels of oil equivalent resource potential in the licence area had a success-case value of 3.3p/sh. For perspective, the company’s Serenity discovery and its Minos High and Liberator West prospects have a combined success-case resource potential and value of 332 million barrels of oi ....