i3 Energy Plc progressing well in its farm-out process

 

i3 Energy Plc (LON: I3E) has released its corporate update

  • The company with assets and operations in the UK, stated that it is progressing well in its farm-out process to fund a 2020 appraisal drilling program, on its assets in Blocks 13/23c in the UK North Sea.
  • It further stated that the data room is now open, and companies are actively assessing the prospect.
  • The company also notified that it is planning to list its shares on a secondary exchange, for administrative reasons related to its Loan Notes issue, dated 31st May 2019.