Non-Executive Director Appointment

RNS Number : 5264M

i3 Energy PLC

17 September 2019

 

17 September 2019

i3 Energy plc

("i3" or the "Company")

Non-Executive Director Appointment

i3 Energy plc, an independent oil and gas company with assets and operations in the UK, is pleased to announce the appointment of Linda Janice Beal as a non-executive director of the Company with immediate effect.

A list of Mrs. Beal's current directorships and partnerships together with those held within the last five years is set out below:

Current appointments:	Appointments within previous 5 years:
Aminex PLC	Grant Thornton UK LLP Tax Systems Ltd
Auxxilia Limited
FlowStream Royalties Ltd
Global Pricing Innovations Ltd
Kropz plc
Linda Beal Consulting LLP
Orca Exploration Group Inc
San Leon Energy PLC

Mrs. Beal (aged 58) does not own any shares in the Company and has confirmed that there is no further information to be disclosed pursuant to paragraph (g) of Schedule 2 of the AIM Rules.

Majid Shafiq, CEO of i3 Energy commented:

"We are very pleased to welcome Linda to i3 as an independent non-executive director.  Her in-depth accounting knowledge and history with numerous AIM oil and gas companies will lend itself well to her role as audit committee chairperson. We are confident she will make an immediate and meaningful contribution to the work of our Board of Directors."

CONTACT DETAILS:

i3 Energy plc Majid Shafiq (CEO) / Graham Heath (CFO) c/o Camarco Tel: [phone] WH Ireland Limited (Nomad and Joint Broker) James Joyce, James Sinclair-Ford Tel: [phone] GMP FirstEnergy (Joint Broker) Jonathan Wright Tel: [phone] Canaccord Genuity Limited (Joint Broker) Henry Fitzgerald- O'Connor, James Asensio Tel: [phone] Camarco Jennifer Renwick, James Crothers Tel: [phone]
	Notes to Editors: i3 is an oil and gas development company initially focused on the North Sea. The Company's core asset is the Greater Liberator Area, located in Blocks 13/23d and 13/23c, to which i3's independent reserves auditor attributes 11 MMBO of 2P Reserves, 22 MMBO of 2C Contingent Resources and 47 MMBO of mid-case Prospective Resources. The Greater Liberator Area consists of the Liberator oil field discovered by well 13/23d-8 and the Liberator West extension. The Greater Liberator Area, along with the Company's Serenity Prospect located in the northern half of Block 13/23c and for which it carries a STOIIP of 197 MMbbls, are owned and operated on a 100% working interest basis. The Company's strategy is to acquire high quality, low risk producing and development assets, to broaden its portfolio and grow its reserves and production. The information contained within this announcement is deemed by the Company to constitute inside information under the Market Abuse Regulation (EU) No. 596/2014.

 

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