Submission of 'Environmental Statement' and 'FDP'

RNS Number : 3344S
i3 Energy PLC
02 October 2017
 

2 October 2017

 

i3 Energy plc

("i3" or the "Company")

 

Submission of 'Environmental Statement' and 'Field Development Plan' for the Liberator Field Development

 

i3 Energy plc, an independent oil and gas company with assets and operations in the UK, is pleased to announce that the Environmental Statement ('ES') for the development of i3's 100% operated and owned Liberator field has been submitted to the Department for Business, Environment and Industrial Strategy ('BEIS') for review and, as is mandatory, for public consultation.

 

The ES addresses potential environmental impacts from the Liberator development and is an important element in the approval process for the Liberator Field Development Plan ('FDP'). The ES, in addition to the review by BEIS, has been sent for comment to appropriate stakeholders as well as being published for public consultation.

 

A copy of the ES is available on the Company's website at www.i3.energy.

 

i3 is also pleased to announce that, as requested by the Oil & Gas Authority ('OGA'), the Company has now submitted its FDP for the Liberator development to the OGA and will continue with the review process through the coming weeks.

 

John Woods, i3's Chief Developments Officer, commented 

 

"Submission of the Liberator Field Environmental Statement for public and BEIS review marks another important milestone for i3 with respect to project delivery. Further, with the FDP review process, we continue to make excellent progress through the planning and approvals required to allow us to execute the field development during 2018."

 

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CONTACT DETAILS:

i3 Energy plc


Neill Carson (CEO) / Graham Heath (CFO)

c/o Camarco

Tel: +44 (0) 203 757 4980

WH Ireland Limited (Nomad and Joint Broker)


James Joyce, James Bavister

Tel: +44 (0) 207 220 1666

 

Cantor Fitzgerald Europe (Joint Broker)


Sarah Wharry

Tel: +44 (0) 207 894 8896

 

GMP FirstEnergy (Joint Broker)


Jonathan Wright, David van Erp

Tel: +44 (0) 207 448 0200

 

Camarco

Georgia Edmonds, Jane Glover, James Crothers

 

Tel: +44 (0) 203 757 4980

 

Notes to Editors:

i3 Energy is an oil and gas development company initially focused on the North Sea. The Company's core asset is the Liberator oil field discovered by well 13/23d-8 located in License P.1987, Block 13/23d in which it has a 100% operated interest.

 

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.

 

i3 Energy has a strong management team with a track record of delivery and was founded by Neill Carson, previously founder and CEO of Ithaca Energy, where he built an asset portfolio including multiple developments.

 

The information contained within this announcement is deemed by the Company to constitute inside information under the Market Abuse Regulation (EU) No. 596/2014.

 

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
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