09:45 AM EST - i3 Energy plc : Announced the following update. Drilling operations on the second well in the Marten Hills Clearwater drilling programme (located at 02-12-075-26W4), targeting the 25m thick Clearwater C sandstone, have been completed. Eight horizontal lateral sections, for a total of approx. 12,644m in length, penetrating the reservoir to a maximum true vertical depth of 630m, were successfully drilled from this wellbore with operations having progressed on time and on budget. All laterals drilled have encountered a clean upper shoreface sandstone, with porosities ranging from 24% to 27%, and oil has been evidenced throughout via oil shows on cuttings. i3 Energy plc
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