i3 is focused on maximising shareholder value through entering new ventures at the appraisal, development, production or near field exploration phase, as well as considering each new opportunity in terms of relative technical and commercial merits within the context of the overall objectives of the Company. This approach may include divestments, acquisitions, farm-ins, farm-outs and exchanges of interests.

In conjunction with growing the business in the longer term through further acquisitions of development and appraisal assets, i3 intends to initiate low-cost appraisal drilling at Serenity to prove up its reserves base, followed by additional drilling and de-risking of the high-relief areas of Liberator West and the Minos High.