i3 Energy announced yesterday that its 30th Licensing Round bid was successful, having won the sole block for which it had bid, Block 13/23c. We believe the award is transformative for the company in that i) from an asset perspective it materially shifts the company’s centre of gravity westward due to the scale of the oilfields (contingent and prospective) awarded; ii) the increased scale of the company’s asset base adds further to what was already an economically generous development whilst fur ....
24 May 2018
Successful award of Block 13/23c
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Successful award of Block 13/23c
i3 Energy Plc (I3E:LON) | 11.6 0 0.0% | Mkt Cap: 139.2m
- Published:
24 May 2018 -
Author:
Brendan Long -
Pages:
6
i3 Energy announced yesterday that its 30th Licensing Round bid was successful, having won the sole block for which it had bid, Block 13/23c. We believe the award is transformative for the company in that i) from an asset perspective it materially shifts the company’s centre of gravity westward due to the scale of the oilfields (contingent and prospective) awarded; ii) the increased scale of the company’s asset base adds further to what was already an economically generous development whilst fur ....