http://www.lse.co.uk/ IAE Share Chat Feed - London South East en-gb Thu, 17 May 2012 00:10:57 GMT 2011 London South East http://www.lse.co.uk/rss/ 5 budd This share is worth this price now and a lot more to come without T/O speculation http://www.lse.co.uk/shareChat.asp?ShareTicker=IAE&post=5281610 Tue, 15 May 2012 08:33:13 GMT thistle http://www.investegate.co.uk/Article.aspx?id=20120514065958M0473 http://www.lse.co.uk/shareChat.asp?ShareTicker=IAE&post=5274971 Mon, 14 May 2012 06:48:36 GMT budd The Company is aware of recent press and media speculation concerning the status of these discussions and confirms that it remains in dialogue with bona fide parties. During the discussion period the Company has confirmed all parties' financial and deal execution capability. A timetable for the submission of final bids has been set. The Company expects to provide a further update to the market within the next four weeks.Worth holding on till then and see whats happening IAE Board are trying to get the best deal for us share holders IMOP the T/O will go ahead we just need a bit of Patience The sp is starting to go up now £1.66--£1.67 http://www.lse.co.uk/shareChat.asp?ShareTicker=IAE&post=5268634 Fri, 11 May 2012 10:21:17 GMT Delsco Only 10,666 shares traded? http://www.lse.co.uk/shareChat.asp?ShareTicker=IAE&post=5267347 Fri, 11 May 2012 07:44:45 GMT thistle May 9 (Reuters) - ITHACA ENERGY: * Goldman Sachs raises Ithaca Energy price target to 218P from 189P; rating neutral http://www.lse.co.uk/shareChat.asp?ShareTicker=IAE&post=5257791 Wed, 09 May 2012 13:48:50 GMT ShowBizz The press over the weekend regards Kuwait pulling out is a load of BS....why would Kuwait declare they have pulled out when they never declared they were in talks? Someone was getting bored of waiting and trying to flush them out and now this has been smashed down because of wider market, over leveraged people strapped in for the bid and the fact people assume they have a 4week window to get back in......well i'm not patient and i just entered....looks good value down here with Athena doubling production soon irrespective of a bid! View from Canaccord: Statement saying it remains in talks with 'bona fide parties'. A timetable for the submission of bids has been set. Ithaca expects to provide a further update 'within the next four weeks'. Downside still looks like about 140-150p, upside to 220-230p. Reasonably balanced but this process has taken a long time and so the recent market nervousness seems justified. http://www.lse.co.uk/shareChat.asp?ShareTicker=IAE&post=5257162 Wed, 09 May 2012 12:16:04 GMT jange Oil and gas producer Ithaca Energy said it remained in takeover talks with several suitors, but disappointed investors by failing to say who they were or whether there was a favourite. The update followed media claims that Kuwait's national oil company had decided it was no longer interested in the firm. A timetable for the submission of final bids has been set and the company said it expected to provide a further update to the market within the next four weeks. http://www.lse.co.uk/shareChat.asp?ShareTicker=IAE&post=5253418 Tue, 08 May 2012 19:13:19 GMT thistle Ithaca (IAE LN, 174.5p, ▼ 2.2%) - Sell down and Sell off?:Ithaca has made two announcements: that it has completed the sale of its interests in Stella, Hurricane and Helios to Petrofac and Dyas and that it is in discussions with "bona fide parties" involving the sale of the Company. One is portfolio management, the other says two things. One that the Company is focused on unlocking value for shareholders, and the other is that the North Sea is back in vogue as an M&A target. This places all stragglers such as DEO and Lochard, and possibly XEL, on notice that they too could be targets for a take out. Read more: http://www.oilvoice.com/n/FoxDavies_Daily_Monitor_Gulf_Keystone_Ithaca_and_Exillon_Energy/af29f916dc83.aspx#ixzz1uGKjJ08v http://www.lse.co.uk/shareChat.asp?ShareTicker=IAE&post=5249041 Tue, 08 May 2012 07:50:46 GMT thistle Ithaca Energy Inc. (TSX:IAE)(AIM:IAE) announces the completion of the various transactions entered into on 19 October 2011 concerning the Company's Greater Stella Area (GSA) assets. Completion of the transactions results in Ithaca transferring various field interests to Petrofac and Dyas and acquiring a shareholding interest in FPF-1 Limited, the company that owns the "FPF-1" floating production unit that will be used as the GSA production hub. The interest of each co-venturer in the GSA fields is now as follows: http://www.investegate.co.uk/Article.aspx?id=20120508070005M1364 http://www.lse.co.uk/shareChat.asp?ShareTicker=IAE&post=5248387 Tue, 08 May 2012 06:08:11 GMT thistle OIL and gas producer Ithaca Energy said yesterday it remains in potential takeover talks, despite claims that Kuwait’s national oil company had pulled out of the race to buy the driller. North Sea-focused Ithaca. listed on the Canadian and London stock exchanges, remained tight-lipped over the identities of its suitors but has set an undisclosed deadline for bids and will update the market within four weeks. A host of North Sea operators have been touted as possible buyers for the Aim-quoted company, including Dana Petroleum, the Aberdeen-based producer that was taken over last year by the Korea National Oil Corporation. Other potential suitors are EnQuest, which de-merged from energy services firm Petrofac, and Taqa, the Abu Dhabi national oil company. Analysts at RBC Capital Markets said Ithaca could be worth up to C$985 million (£612m), based on a take-out price of about C$3.81-a-share. In a statement Ithaca’s board said: “Although discussions with parties continue, there can be no certainty of an offer being made for the company.” http://www.scotsman.com/business/energy-and-utilities/ithaca-remains-in-takeover-talks-with-mystery-suitors-1-2280243 http://www.lse.co.uk/shareChat.asp?ShareTicker=IAE&post=5248365 Tue, 08 May 2012 05:59:12 GMT bigmac321 due diligence done on all parties which shows serious interest and a deadline set for final bids. Looks like this is on. It also means that a minimum priceis likely to have been set (probably if true why kuwait walked away - probably wanted it on the cheap!) http://www.lse.co.uk/shareChat.asp?ShareTicker=IAE&post=5247146 Mon, 07 May 2012 11:08:22 GMT thistle ITHACA ENERGY INC. ANNOUNCES STATEMENT CONCERNING INTEREST IN THE COMPANY   Ithaca Energy Inc. Announces Statement Concerning Interest In The Company LONDON, UNITED KINGDOM and CALGARY, ALBERTA--(Marketwire - May 7, 2012) - NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES OR ANY OTHER JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF SUCH JURISDICTION Ithaca Energy Inc. ("Ithaca" or "the Company") (TSX:IAE)(AIM:IAE) announced on March 1, 2012, that it had received unsolicited interest from a number of third parties. The Company also advised that the Board of Ithaca concluded that it was in shareholders' best interests that the Company enter into discussions with all such bona fide parties. The Company is aware of recent press and media speculation concerning the status of these discussions and confirms that it remains in dialogue with bona fide parties. During the discussion period the Company has confirmed all parties' financial and deal execution capability. A timetable for the submission of final bids has been set. The Company expects to provide a further update to the market within the next four weeks. The Board stresses that although discussions with parties continue, there can be no certainty of an offer being made for the Company. The Board is being advised by CIBC World Markets Inc ("CIBC") in this respect. http://www.lse.co.uk/shareChat.asp?ShareTicker=IAE&post=5246808 Mon, 07 May 2012 07:10:01 GMT Bigdunc1 Though when you consider the share price was c£1.25 cefore any bid was mentioned £2.11 is a very very good premium http://www.lse.co.uk/shareChat.asp?ShareTicker=IAE&post=5246627 Sun, 06 May 2012 21:26:13 GMT Thales1 I see the article suggests a TO price of 880 dollars. With exchange rate of 1.61 that works out as an offer of around £2.11 per share. I would imagine IAE board pulled the plug on that one, and if they'd recommended it small PIs would have been howling http://www.lse.co.uk/shareChat.asp?ShareTicker=IAE&post=5246360 Sun, 06 May 2012 18:28:06 GMT Bigdunc1 Report on Reuters today that the Kuwaiti National Oil firm have pulled out of consideration for Itheca Energy http://www.lse.co.uk/shareChat.asp?ShareTicker=IAE&post=5246161 Sun, 06 May 2012 16:21:24 GMT thistle Traders reported clients nibbling a few takeover candidates. Explorer Ithaca Energy ticked up 4p to 187p as long-standing chatter over a 250p a share approach from Kuwait did the rounds again. http://www.independent.co.uk/news/business/sharewatch/market-report-london-tech-stocks-bathe-in-samsungs-korean-sun-7685201.html http://www.lse.co.uk/shareChat.asp?ShareTicker=IAE&post=5209555 Sat, 28 Apr 2012 15:28:20 GMT bigmac321 Does anyone have any idea of timeframes for first oil from Athena. I think the takeover hinges on this time. Anyone? http://www.lse.co.uk/shareChat.asp?ShareTicker=IAE&post=5193600 Wed, 25 Apr 2012 19:03:31 GMT isthistheone if the share price wasn't being shorted to an inch of it's life. hence all the small trades being done by computer trading. it would hel;p. the video on the website is inspiring and this is a good company. someone has said this is a Dana in the making and I tend to agree with them. like the idea of drilling one well to pay for the next project. a takeover at this early stage may not be a good thing. having said that this company is on the takeover radar, if not now certtainly in the future. http://www.lse.co.uk/shareChat.asp?ShareTicker=IAE&post=5164062 Fri, 20 Apr 2012 09:00:56 GMT budd Time will tell we wont have long to wait one way or another this is still a great long term hold as thry seem to be doing everything right http://www.lse.co.uk/shareChat.asp?ShareTicker=IAE&post=5160777 Thu, 19 Apr 2012 15:58:37 GMT bigmac321 its the low volume that causes volatility http://www.lse.co.uk/shareChat.asp?ShareTicker=IAE&post=5160758 Thu, 19 Apr 2012 15:56:25 GMT isthistheone perhaps there is no take over. or the offer is 193p a share like someone suggested on advfn. didn't expect it to tank like today on such low volume. :( after all the hype last week and the week before. makes you wonder what they were playing at. http://www.lse.co.uk/shareChat.asp?ShareTicker=IAE&post=5160663 Thu, 19 Apr 2012 15:45:22 GMT budd Wh y the sudden selloff with T/O imminent at £2.30 + very soon and even with no T/O this price should go up with Athena production hook up in progress and FDP Approved for Stella and Harrier Fields ????? http://www.lse.co.uk/shareChat.asp?ShareTicker=IAE&post=5160551 Thu, 19 Apr 2012 15:37:16 GMT budd Check out the vidio on www.ithacaenergy.com Looks Good http://www.lse.co.uk/shareChat.asp?ShareTicker=IAE&post=5159981 Thu, 19 Apr 2012 14:47:49 GMT budd Corporate Presentation Update www.investegate.co.uk/article.aspx?id=20120419070015M4012&fe=1 http://www.lse.co.uk/shareChat.asp?ShareTicker=IAE&post=5159626 Thu, 19 Apr 2012 14:09:06 GMT bigmac321 Further prgress to oil today per RNS. Takeover must be close now. anyone ideas on timeframes for first oil? They already have the wells predrilled. http://www.lse.co.uk/shareChat.asp?ShareTicker=IAE&post=5159457 Thu, 19 Apr 2012 13:52:11 GMT bigmac321 There are a few bidders but KNOC I think is the leading one. http://www.lse.co.uk/shareChat.asp?ShareTicker=IAE&post=5138032 Mon, 16 Apr 2012 08:14:26 GMT fastbucks1 Who's buying you out?? PMG maybe?? http://www.lse.co.uk/shareChat.asp?ShareTicker=IAE&post=5136059 Sun, 15 Apr 2012 12:11:50 GMT bigmac321 Suspect the full takeover offer will now proceed - they will likely have been waiting for the FDP approval. http://www.lse.co.uk/shareChat.asp?ShareTicker=IAE&post=5124519 Thu, 12 Apr 2012 10:43:15 GMT thistle FDP Approved for Stella and Harrier Fields http://www.investegate.co.uk/Article.aspx?id=20120412070011M6172 http://www.lse.co.uk/shareChat.asp?ShareTicker=IAE&post=5122486 Thu, 12 Apr 2012 06:09:20 GMT Tainer Last reported position of BW Athena was when well out into the North Sea almost 11 hours ago heading towards the hook up area. Possible RNS on project completion and production Tuesday morning?. http://www.lse.co.uk/shareChat.asp?ShareTicker=IAE&post=5107817 Sun, 08 Apr 2012 10:08:01 GMT S-Cape The BW Athena has arrived in Peterhead today http://www.lse.co.uk/shareChat.asp?ShareTicker=IAE&post=5102468 Thu, 05 Apr 2012 12:52:29 GMT jange In today's update the company gives no further details on the potential offer that was announced in January, other than to say "discussions continue with interested parties". By 15:53 shares in Ithaca had risen 0.9%. Since the start of the year the stock has gained 43.6%. http://www.lse.co.uk/shareChat.asp?ShareTicker=IAE&post=5066019 Thu, 29 Mar 2012 21:08:09 GMT jange Ithaca is also one of the companies to have benefited from the 2012 budget in which the Chancellor, George Osborne, increased the so-called "small field allowance". Ithaca says these changes will save it $80m over the lifetime of its fields in the Greater Stella area. http://www.lse.co.uk/shareChat.asp?ShareTicker=IAE&post=5066017 Thu, 29 Mar 2012 21:07:29 GMT jange North Sea oil and gas player, Ithaca Energy, increased its estimated reserves and boosted cashflow during 2011 and says it is still in negotiations over a possible takeover. In 2011 the company saw cashflow from operations at $103.5m, against a prior year figure of $88.9m. Profit before tax came in at $37.1m, slightly down on 2010's figure of $38m. The firm's "proved and probable" resources gained 9% during the year to 50.25 mmboe (million barrels of oil equivalent). http://www.lse.co.uk/shareChat.asp?ShareTicker=IAE&post=5066015 Thu, 29 Mar 2012 21:06:54 GMT budd ENQ are selling large blocks of shares through banks etc this could be to raise funds for the bid for IAE.. ENQ already own parts of fields that IAEeither opperate or are partenered in therefor T/O of IAE would make a sensable purchace http://www.lse.co.uk/shareChat.asp?ShareTicker=IAE&post=5063198 Thu, 29 Mar 2012 12:06:45 GMT thistle - The Company confirmed that it had received a non-binding proposal to acquire all of the outstanding shares of the Company and unsolicited interest from a number of third parties. The Company stated that it would enter into discussions with all bona fide interested parties with a view to maximizing shareholder value but that there was no certainty that an offer would be made for the Company. Discussions continue with bona fide interested parties. PRODUCTION Q1 2012 -- With less than 3 days remaining in the first quarter of 2012, the Company estimates net export production to be approximately 4,200 boepd. Actual net export production for Q1 will be confirmed in the Q1 results Iain McKendrick, CEO, commented, "Material progress has been made over the course of 2011 with the continued growth of the Company. The past year has been marked by strong financial results and the acceleration of growth though both accretive acquisitions and the major advancements that have been made on the Company's two key operated developments, Athena and Stella/Harrier. In the next quarter the Company looks forward to first oil from the Athena field, the spudding of the Hurricane appraisal well and obtaining government approval for the Stella / Harrier Field Development Plan." http://www.lse.co.uk/shareChat.asp?ShareTicker=IAE&post=5060272 Thu, 29 Mar 2012 06:11:22 GMT thistle http://www.investegate.co.uk/article.aspx?id=20120329070059M0594&fe=1 http://www.lse.co.uk/shareChat.asp?ShareTicker=IAE&post=5060264 Thu, 29 Mar 2012 06:09:32 GMT willpetty this seems to be taking forever....by perhaps no longer than COVE. Come on, sale time. http://www.lse.co.uk/shareChat.asp?ShareTicker=IAE&post=5054474 Wed, 28 Mar 2012 07:25:18 GMT jange Ithaca Energy has announced it will take over the running of the Carna discovery, located in the Southern Gas Basin of the North Sea, from Centrica North Sea Gas. it will also increase its working interest in the site from 16% to 32%. The two companies have decided to keep the terms of the deal secret. http://www.lse.co.uk/shareChat.asp?ShareTicker=IAE&post=5046407 Mon, 26 Mar 2012 19:19:24 GMT Alexios Rns- iae increased the stake in Carna discovery(gas) and became the operator: http://investegate.co.uk/Article.aspx?id=20120326065926M9984 http://www.lse.co.uk/shareChat.asp?ShareTicker=IAE&post=5040836 Mon, 26 Mar 2012 06:04:48 GMT monkey_spank It is the Kuwaitis. She's a done deal lads, news release tomorrow morning. Should be fun. http://www.lse.co.uk/shareChat.asp?ShareTicker=IAE&post=5040700 Sun, 25 Mar 2012 22:58:37 GMT thistle BP Plc (BP/) started its biggest auction of North Sea fields, putting up assets valued at 2 billion pounds ($3.2 billion) after the U.K. offered tax breaks for the industry, the Sunday Times reported. In a separate deal, Kuwait Foreign Petroleum Exploration Co. may buy Ithaca Energy Inc. (IAE), the newspaper reported. Both potential deals follow the U.K.’s decision to cover as much as 75 percent of clean-up costs for old fields, it reported. http://www.lse.co.uk/shareChat.asp?ShareTicker=IAE&post=5039170 Sun, 25 Mar 2012 06:54:09 GMT S-Cape BW Athena is in Mediterranean just North of Alexandria (Egypt) - can be followed by typing BW Athena into the Marinetraffic website http://www.lse.co.uk/shareChat.asp?ShareTicker=IAE&post=5025321 Thu, 22 Mar 2012 10:48:42 GMT S-Cape http://www.marinetraffic.com/ais/default.aspx?oldmmsi=310539000&zoom=10&olddate=lastknown http://www.lse.co.uk/shareChat.asp?ShareTicker=IAE&post=5025288 Thu, 22 Mar 2012 10:45:05 GMT hallmark 3 weeks in transit the FPSO any ideas when the BW will arrive at athena? http://www.lse.co.uk/shareChat.asp?ShareTicker=IAE&post=5022702 Wed, 21 Mar 2012 22:16:10 GMT thistle http://watch.bnn.ca/#clip640675 http://www.lse.co.uk/shareChat.asp?ShareTicker=IAE&post=5009523 Tue, 20 Mar 2012 10:37:42 GMT Hornet99 Disappointing fall the last couple of days, all sorts of rumours going round about bidders pulling out, market manipulators etc. The market has fallen generally this morning, but surely with the anticipated Budget measures relating to North Sea Oil companies, tomorrow should see a bit of a revival. I'm hanging on in there as the current SP is still above what I came in at. It's frustrating not knowing what is going on behind the scenes. A lot of opinion seems to suggest that if there is still an interested bidder, they are waiting for the BW Athena to arrive safely in the NS before formalising things. http://www.lse.co.uk/shareChat.asp?ShareTicker=IAE&post=5009028 Tue, 20 Mar 2012 09:59:57 GMT willpetty promising then http://www.lse.co.uk/shareChat.asp?ShareTicker=IAE&post=4954076 Sat, 10 Mar 2012 13:32:14 GMT ATISHA The best thing we can hope for is a counter bid, which could be substantially above the possible 225/230p offer from one party. http://www.lse.co.uk/shareChat.asp?ShareTicker=IAE&post=4953982 Sat, 10 Mar 2012 12:36:33 GMT willpetty maybe another 10-20% from here http://www.lse.co.uk/shareChat.asp?ShareTicker=IAE&post=4953955 Sat, 10 Mar 2012 12:20:55 GMT