Serenity -1 encountering 10 feet of net oil interval in good quality Captain sands is very good news. The net oil interval was thicker than in the up-dip Tain discovery (1,000 metres away); consistent with i3’s expectation that the Captain sands thicken to the west. The results are closely in line with i3’s models that estimate potential oil in place of 197 mmbbl. This well probably also forces the Tain’s partners to negotiate a commercial solution to develop Tain/Serenity a
29 Oct 2019
Very good well results at Serenity
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Very good well results at Serenity
i3 Energy Plc (I3E:LON) | 11.3 -0.1 (-10.0%) | Mkt Cap: 136.4m
- Published:
29 Oct 2019 -
Author:
Stephane Foucaud -
Pages:
4
Serenity -1 encountering 10 feet of net oil interval in good quality Captain sands is very good news. The net oil interval was thicker than in the up-dip Tain discovery (1,000 metres away); consistent with i3’s expectation that the Captain sands thicken to the west. The results are closely in line with i3’s models that estimate potential oil in place of 197 mmbbl. This well probably also forces the Tain’s partners to negotiate a commercial solution to develop Tain/Serenity a