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On today's Vox Markets Podcast: i3 Energy and Chris Bailey on Next, Burberry, Auto Trader & National Express
Majid Shafiq, CEO of i3 Energy (i3E) discusses the drilling contract they've agreed with Dolphin Drilling and their operational timeline.
i3 is an oil and gas development company initially focused on the North Sea. The Company's core asset is the Greater Liberator Area, located in Blocks 13/23d and 13/23c, to which i3's independent reserves auditor attributes 11 MMBO of 2P Reserves, 22 MMBO of 2C Contingent Resources and 47 MMBO of mid-case Prospective Resources. The Greater Liberator Area consists of the Liberator oil field discovered by well 13/23d-8 and the Liberator West extension. The Greater Liberator Area, along with the Company's Serenity Discovery located in the northern half of Block 13/23c and for which it carries a STOIIP of 197 MMbbls, are owned and operated on a 100% working interest basis. The Company's strategy is to acquire high quality, low risk producing and development assets, to broaden its portfolio and grow its reserves and production.
Chris Bailey founder of Financial Orbit discusses whether the coronavirus pandemic is a short sharp shock to the economy or a long lasting one and covers news from:
Next (NXT)
Burberry (BRBY)
Auto Trader (AUTO)
National Express (NEX)
(Interview starts at 17 minutes 50 seconds)