i3 Energy CEO says Serenity is still viable despite disappointing results from appraisal well



i3 Energy PLC’s (AIM:I3E, TSX:ITE, OTC:ITEEF) chief executive Majid Shafiq takes Proactive’s Thomas Warner through the plans for the Serenity field in the North Sea after the latest appraisal well.

While disappointed by the results, he says the company will now integrate the data from the well into its reservoir model.

He says there is still potentially a viable development plan for a small field around the discovery due to expected low development and operating costs.

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