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LONDON (Alliance News) - i3 Energy PLC said Wednesday its Serenity prospect in the North Sea "provides significant organic growth" for its Liberator development.
i3 estimates the prospect has P50 stock tank oil-initially-in-place of 197 million barrels, taking the potential un-risked mid-case stock tank oil-initially-in-place within i3's licenced areas in the Liberator development - which contains Serenity - to "greater than" 500 million barrels.
The oil and gas production and development company said Serenity provides "low-cost and potentially high-return upside".
Shares in i3 Energy were down 1.2% Wednesday at 41.00 pence each.