IN BRIEF: i3 Energy completes Serenity farm-out deal with Europa
i3 Energy PLC - oil and gas producer in the UK and Canada - Completes farm-out agreement for 25% working interest in Block 13/23c North licence, which contains the Serenity discovery located in the North Sea. Europa Oil & Gas Holdings PLC acquires 25% working interest. Europa will fund about 46% of the cost of the upcoming Serenity appraisal well to a gross capped well cost of GBP15 million. i3 says after the farm-out, the company will retain a 75% working interest in Block 13/23c North and a 100% working interest in Block 13/23c South, which contains the Minos High prospect and Liberator discovery.
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