i3 Energy PLC Announces Serenity Appraisal Well Spud

EASTLEIGH , UK / ACCESSWIRE / September 22, 2022 / i3 Energy plc (AIM:I3E)(TSX:ITE), an independent oil and gas company with assets and operations in the UK and Canada, is pleased to announce the spud of the Serenity appraisal well on UK Licence P.2358, Block 13/23c. i3 owns a 75% working interest in the field. The drilling programme is expected to last approximately 30 days. The well will be plugged and abandoned after completion of all drilling operations.

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Enquiries:

i3 Energy plc
Majid Shafiq (CEO) / Graham Heath (CFO)

c/o Camarco
Tel: +44 (0) 203 781 8331

WH Ireland Limited (Nomad and Joint Broker)
James Joyce, Darshan Patel

Tel: +44 (0) 207 220 1666

Tennyson Securities (Joint Broker)
Peter Krens

Tel: +44 (0) 207 186 9030

Stifel Nicolaus Europe Limited (Joint Broker)
Ashton Clanfield, Callum Stewart

Tel: +44 (0) 20 7710 7600

Camarco
Georgia Edmonds, Violet Wilson

Tel: +44 (0) 203 781 8331

Notes to Editors:

i3 Energy is an oil and gas Company with a low cost, diversified, growing production base in Canada’s most prolific hydrocarbon region, the Western Canadian Sedimentary Basin and appraisal assets in the North Sea with significant upside.

The Company is well positioned to deliver future growth through the optimisation of its existing 100% owned asset base and the acquisition of long life, low decline conventional production assets.

i3 is dedicated to responsible corporate practices and the environment, and places high value on adhering to strong Environmental, Social and Governance (“ESG”) practices. i3 is proud of its performance to date as a responsible steward of the environment, people, and capital management. The Company is committed to maintaining an ESG strategy, which has broader implications to long-term value creation, as these benefits extend beyond regulatory requirements.

i3 Energy is listed on the AIM market of the London Stock Exchange under the symbol I3E and on the Toronto Stock Exchange under the symbol ITE. For further information on i3 Energy please visit https://i3.energy/.

The Company deems this announcement to constitute inside information under the Market Abuse Regulation (EU) No. 596/2014.

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [email protected] or visit www.rns.com.

SOURCE: i3 Energy PLC

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