Ithaca Energy to buy out Shell stake in Cambo field
12th Sep 2023 07:33
(Sharecast News) - UK oil and gas producer Ithaca Energy on Tuesday said it was buying the remaining 30% stake in the West Shetland Cambo field from Shell UK.
Read moreIthaca H1 profits rise on higher production
23rd Aug 2023 07:03
(Sharecast News) - Ithaca Energy said it expected lower production levels next year in response to the UK government's windfall tax, despite reporting a strong rise in first half profits as higher production and falling costs offset lower oil and gas prices.
Read moreIthaca Energy to buy remaining stake in Fotla discovery
12th Jul 2023 07:05
(Sharecast News) - Ithaca Energy announced the signing of a sale and purchase agreement on Wednesday to acquire the remaining 40% stake in the Fotla discovery, along with three exploration licenses, from Spirit Energy Resources.
Read moreIthaca Energy reports solid first-quarter production growth
31st May 2023 07:10
(Sharecast News) - Ithaca Energy reported a 9% increase in group adjusted EBITDAX in its first quarter on Wednesday, reaching $518.1m.
Read moreIthaca, Shell strike deal on Cambo stake sale
5th May 2023 07:04
(Sharecast News) - Ithaca Energy on Friday said it had struck a deal with Shell to market the latter's 30% stake in the giant Cambo North Sea oil and gas prospect.
Read moreIthaca Energy completes restart of Pierce field to allow gas transport
18th Apr 2023 08:03
(Sharecast News) - Ithaca Energy said it had completed the restart of its Pierce field in the UK Central North Sea, after an upgrade to allow gas to be produced after years of the field producing only oil.
Read moreIthaca Energy cuts output guidance, cites UK windfall tax as profits soar 193%
30th Mar 2023 07:04
(Sharecast News) - North Sea oil and gas producer Ithaca Energy on Thursday lowered annual production and capital expenditure guidance, citing the UK government's windfall tax, operational delays and lower volumes despite almost trebling profits in 2022.
Read moreIthaca Energy earnings jump through third quarter
30th Nov 2022 07:13
(Sharecast News) - North Sea-focussed explorer and producer Ithaca Energy reported adjusted EBITDAX of $1.44bn in the first nine months of the year on Wednesday, up from $531m year-on-year.
Read moreIthaca Energy prices IPO at 250p a share
9th Nov 2022 08:40
(Sharecast News) - North Sea oil and gas producer Ithaca Energy said on Wednesday that its initial public offering was being priced at 250p per share - the bottom end of the expected range.
Read moreIthaca Energy starts production at North Sea oil field
17th Feb 2017 09:26
(ShareCast News) - AIM-listed explorer Ithaca Energy has started production at its Stella oil field in the North Sea. The company said that production has been started from the field along with oil exports to the adjacent shuttle tanker. A ramp-up in production will start when the on-going commissi
Read moreIthaca Energy agrees Delek takeover
6th Feb 2017 09:43
(ShareCast News) - AIM-listed Ithaca Energy has entered into a definitive support agreement with Israel's Delek Group on the terms of a cash takeover bid for all the shares of Ithaca it does not already own. The offer, which has been unanimously recommended by Ithaca's board of directors, values the
Read moreTuesday broker round-up
23rd Aug 2016 09:19
(ShareCast News) - Ithaca Energy: Barclays reiterates underweight with a target price of 70p. Mediclinic: JP Morgan maintains neutral with a 1160p target. Premier Oil: Barclays reiterates overweight with a 100p target. South 32: Jefferies reiterates hold with a 110p target. Mondi: Citigroup keeps
Read moreIthaca Energy reports better than expected average production at half-year stage
15th Aug 2016 15:28
(ShareCast News) - Ithaca Energy reported a sharp increase in cash flows and reduction in net debt at the half-year stage ahead of the start of production at its Stella field, which management forecast would lead to a step-change in production and hence cash flows. On a hedged basis, during the peri
Read moreIthaca Energy expands footprint in the Greater Stella Area
2nd Aug 2016 15:53
(ShareCast News) - Ithaca Energy took another step in its 'hub and spoke' strategy in the Greater Stella Area of the North Sea after signing four agreements to acquire further interests in the Vorlich and Austen discoveries. In parallel, the company had completed the majority of the deep water marin
Read moreBarclays names Ophir Energy 'top-pick', upgrades Premier Oil
21st Jun 2016 14:46
(ShareCast News) - Analysts at Barclays re-jigged their recommendations on European Exploration and Production companies in order to take into account the recent rise in crude oil prices and improved investor sentiment regarding companies´ ability to execute to plan operationally. In the process
Read more