http://www.lse.co.uk/ IAE Share Chat Feed - London South East en-gb Sat, 04 Feb 2012 07:44:33 GMT 2011 London South East http://www.lse.co.uk/rss/ 5 simplesimon I got out a few days ago to top up RRL. I thaught we would be treding water for a couple weeks!! :-) lol http://www.lse.co.uk/shareChat.asp?ShareTicker=IAE&post=4645184 Mon, 23 Jan 2012 15:39:48 GMT thistle The takeover proposal is conditional on due diligence and the negotiation of all definitive documents. Ithaca said talks are preliminary and “there can be no certainty that an offer will be made”. Ithaca currently holds a 22.5 percent operating stake in the Athena oilfield, which currently has proved and probable reserves of 24.4 million barrels and production was due to begin in the final quarter of 2011. Gains in Ithaca’s share price were curbed by uncertainty about the terms of the offer made for the company. On message boards, investors following Ithaca debated whether the company has already agreed on a takeover price and what it may be with most expecting the offer to be in the range between 200 and 250 pence per share. It was also speculated that the bidder – which some said could be its joint venture partner EnQuest (LON:EQ.) – would have to make an offer at a hefty premium to the current price considering that Ithaca has US$100 million in the bank, enough to fund roughly half of the 2012 programme. Ithaca’s net capital expenditure is expected to total US$210 million, almost all of which will be spent on the Greater Stella Area development, including approximately US$24 million to drill and test the Hurricane appraisal well. http://www.proactiveinvestors.co.uk/companies/market_reports/38114/mondays-most-followed-hmv-group-rockhopper-exploration-ithaca-energy-roxi-petroleum-rsm-tenon-ocado-carillion-0000.html http://www.lse.co.uk/shareChat.asp?ShareTicker=IAE&post=4644266 Mon, 23 Jan 2012 14:10:36 GMT budd How much do you think IAE would be worth per share in an offer ??? http://www.lse.co.uk/shareChat.asp?ShareTicker=IAE&post=4641941 Mon, 23 Jan 2012 10:02:58 GMT mulledwine Ithaca Energy Inc. ("Ithaca" or "the Company") (TSX:IAE)(AIM:IAE) notes the recent movement in the Company's share price on the Toronto Stock Exchange and confirms that it has received a confidential, non-binding proposal to acquire all of the outstanding shares of the Company. The proposal is conditional upon, among other things, due diligence, negotiation of all definitive documentation, receipt of all necessary approvals by the interested party and approval of the Board of the Company. The Board of the Company, which is being advised by CIBC World Markets Inc., wishes to stress that discussions are at a preliminary stage and there can be no certainty that the approach will lead to an offer being made for the Company. Shareholders of the Company are not presently required or advised to take any action. The Company does not intend commenting further on the approach unless a definitive agreement is reached or unless otherwise required by law or applicable regulation. http://www.lse.co.uk/shareChat.asp?ShareTicker=IAE&post=4640269 Mon, 23 Jan 2012 07:07:18 GMT mulledwine http://www.investegate.co.uk/Article.aspx?id=20120123070012M4213 http://www.lse.co.uk/shareChat.asp?ShareTicker=IAE&post=4640268 Mon, 23 Jan 2012 07:07:07 GMT mulledwine 2012 Guidance The Company anticipates 2012 net capital expenditure to total approximately US$210 million. This expenditure is almost entirely focused on the execution of the Greater Stella Area development, including approximately US$24 million to drill and test the Hurricane appraisal well that is scheduled to spud in late Q1 2012. The total net capital expenditure also includes approximately US$2.6 million on Athena to take the development to first oil. As previously indicated, the Company will provide full year production guidance for 2012 once the BW Athena Floating Production, Storage and Offtake ("FPSO") vessel is hooked up in the field. http://www.lse.co.uk/shareChat.asp?ShareTicker=IAE&post=4578103 Thu, 12 Jan 2012 07:10:52 GMT mulledwine Ithaca Energy Inc. (TSX:IAE)(AIM:IAE) reports 2011 full year production, details of the 2012 CAPEX programme and a project update. Export Production 2011 Full year export production for the Company in 2011 totalled 1,595,039 barrels of oil equivalent ("boe") and represents an average rate of 4,370 barrels of oil equivalent per day ("boepd") net to Ithaca. The Company's export production volumes for 2011 came from the operated Beatrice, Jacky and Anglia fields and from the non-operated Topaz, Cook and Broom fields. Cook and Broom production are included from their effective acquisition dates of January 1 and October 20 2011, respectively. -- The Company's current daily export production rate is approximately 5,010 boepd net. This number benefits from the result of a workover recently completed at the Beatrice Bravo platform. -- The Cook field suffered downtime during the last quarter due to the partial failure of a subsea control module. This was replaced and production was fully restored during the quarter. -- The Beatrice field experienced some downtime in December as a result of electrical power outages caused by interruption of the shore based supply and a temporary failure of the produced water treatment system. Cash Position The Company had over US$100 million cash at the end of 2011 having taken its first lifting of oil from the Cook field in December 2011. This cargo was sold for a net value of over US$34 million. http://www.lse.co.uk/shareChat.asp?ShareTicker=IAE&post=4578102 Thu, 12 Jan 2012 07:10:06 GMT mulledwine http://www.investegate.co.uk/Article.aspx?id=20120112070030M0304 http://www.lse.co.uk/shareChat.asp?ShareTicker=IAE&post=4578100 Thu, 12 Jan 2012 07:09:13 GMT thinksmart wow has this thing finally woken up? hurrah - we're moving http://www.lse.co.uk/shareChat.asp?ShareTicker=IAE&post=4501126 Wed, 21 Dec 2011 14:44:40 GMT thinksmart Yes its curiously quiet and slow starting. I joined the party Tuesday (yesterday) morning. http://www.lse.co.uk/shareChat.asp?ShareTicker=IAE&post=4497927 Wed, 21 Dec 2011 00:12:32 GMT CaptainPlunge http://www.edisoninvestmentresearch.co.uk/researchreports/Ithaca161211outlook.pdf. Surprised there isn't more interest in this one. http://www.lse.co.uk/shareChat.asp?ShareTicker=IAE&post=4488954 Mon, 19 Dec 2011 12:04:46 GMT CaptainPlunge but a legitimate reason for one imo, anything to lessen operational risk is good for investors. May add a few more. GLA http://www.lse.co.uk/shareChat.asp?ShareTicker=IAE&post=4452471 Fri, 09 Dec 2011 10:23:52 GMT mulledwine Iain McKendrick, CEO, commented: "This short term delay is clearly disappointing but it does not change the fundamental value of the project. Athena is a highly valuable development that will more than double net production and further diversify the Company's production portfolio. Both Ithaca and BW Offshore want to ensure and maintain the highest standards of vessel integrity upon arrival in the field to maximize production uptime and value to the project." Joint Venture partners in the Athena field are: Ithaca, operator (22.5%), Dyas UK Limited (47.5%), EWE Aktiengesellschaft (20%) and Zeus Petroleum Limited (10%). http://www.lse.co.uk/shareChat.asp?ShareTicker=IAE&post=4451138 Fri, 09 Dec 2011 07:03:33 GMT mulledwine Ithaca Energy Inc. (TSX:IAE)(AIM:IAE) announces progress on the BW Athena Floating Production, Storage and Offloading (FPSO) vessel. The FPSO conversion scope, which is the responsibility of BW Offshore, has proved to be more extensive than was envisaged at the start of the project. In spite of the increase in the amount of work required, BW Offshore and Dubai Dry Docks have completed a fast track engineering project to deliver the vessel very close to the original schedule. After very recent consultation on health and safety requirements, additional redundancy is being introduced in the vessel power and heading control systems in response to the North Sea incident in 2011 when the Gryphon FPSO suffered a mooring system failure. The additional work now being undertaken is aimed at ensuring that production startup is not delayed once the vessel has arrived at the Athena field. Payments for the vessel by the Athena Joint Venture remain unchanged and will commence, by way of a day rate to BW Offshore, only once the FPSO is moored over the Athena field and produced oil is transferred into the vessel's storage tanks. Once the vessel leaves Dubai, it will sail to the North Sea and hook up to the pre-installed production buoy. In- field commissioning will be minimized by the comprehensive dockside commissioning being undertaken in Dubai. The journey to the UK and in-field pre-startup works will take approximately 5 weeks. Accordingly, the FPSO will remain in Dubai docks to complete all commissioning work and some minor modifications to the vessel power and heading control systems. It is now anticipated that the vessel will sail from Dubai in early 2012. The installation of subsea equipment at the Athena field location has progressed well and remains within schedule. The submerged buoy mooring system and all flowlines have been laid and connection is in progress. Installation of the power and control umbilicals and the connection of flexible risers to the riser base and submerged buoy is ongoing and will be complete well before the FPSO arrives in the field. Meanwhile, all Athena development wells are now ready for production and the Sedco 704 drilling unit is off contract. http://www.lse.co.uk/shareChat.asp?ShareTicker=IAE&post=4451137 Fri, 09 Dec 2011 07:03:15 GMT mulledwine http://www.investegate.co.uk/Article.aspx?id=20111209070025M7342 http://www.lse.co.uk/shareChat.asp?ShareTicker=IAE&post=4451136 Fri, 09 Dec 2011 07:02:50 GMT thistle Ithaca Energy Inc. (TSX:IAE)(AIM:IAE) announces today that the Crathes exploration well, 21/13a-5, encountered a 52ft light oil column in excellent quality reservoir sands. The well is currently undergoing wireline logging, before drilling ahead to intersect the Moon prospect. The recent corporate acquisition of Challenger Minerals (North Sea) Limited by Ithaca included a dual target exploration opportunity in Block 21/13a alongside the Scolty and Torphins undeveloped discoveries. The primary exploration target is the Crathes prospect which lies within the Palaeocene section. The secondary target is the Moon prospect within the deeper Upper Jurassic section. http://www.investegate.co.uk/article.aspx?id=20111129070009M5462&fe=1 http://www.lse.co.uk/shareChat.asp?ShareTicker=IAE&post=4400109 Tue, 29 Nov 2011 07:16:21 GMT simplesimon - September average export production was 4,719 boepd. a good recovery Q4 looking good Q1 12 looking even better with Athena, coming on line http://www.lse.co.uk/shareChat.asp?ShareTicker=IAE&post=4328911 Mon, 14 Nov 2011 08:34:47 GMT mulledwine Corporate - The Corporation completed a transaction to acquire a 28.46% non-operated interest in the Cook oil field from Hess Limited ("Hess") for an adjusted cash consideration of $57 million and the transfer from Ithaca to Hess of a 10% interest in each of exploration blocks 42/25b, 43/16a and 43/21c in the Southern North Sea. Included in the asset acquisition was an oil inventory of approximately 190,000 the asset acquisition was an oil inventory of approximately 190,000 barrels. - On November 1, the Company commenced trading on the Toronto Stock Exchange ("TSX") graduating from the TSX Venture Exchange. The common shares continue to trade on AIM, a market operated by London Stock Exchange plc. http://www.lse.co.uk/shareChat.asp?ShareTicker=IAE&post=4328457 Mon, 14 Nov 2011 07:18:05 GMT mulledwine Operations - Export production averaged 3,602 barrels of oil equivalent per day ("boepd") net to Ithaca over the 3 month period to September 30 through the restoration of production in the Jacky J01 well, replacement of an Electric Submersible Pump on Beatrice Alpha A21 and the introduction of Cook production from August 25, offset by a 7 day shutdown on Beatrice Alpha. - September average export production was 4,719 boepd. - Significant progress was made in the Corporation's key developments with the completion of major milestones on Athena and the conclusion of the Greater Stella Area ('GSA') concept select process and related transactions. Further details are provided in Management's Discussion and Analysis below. The highlights of the GSA concept select process are: - Creation of a production hub - through deployment of a floating production unit in an area with many undeveloped discoveries. - Higher production rates than previously advised - at an expected initial annualised average rate of 30,000 boepd (gross). - Strategically aligned partnership - through transactions between co- venturers. - Development de-risking - through the introduction to the GSA of Petrofac, a FTSE 100 listed worldwide, full cycle oil and gas service company. http://www.lse.co.uk/shareChat.asp?ShareTicker=IAE&post=4328456 Mon, 14 Nov 2011 07:17:31 GMT mulledwine HIGHLIGHTS Financial - Q3 Profit before Tax of US$10.8 million (Q3 2010: US$18.1 million) - Q3 Cashflow from Operations of US$18.1 million (Q3 2010: US$23.0 million) - Average realised oil price of $111.24 / bbl (Q3 2010: $79.06 / bbl) - Cash US$115.3 million, inclusive of US$16.7 million restricted cash (Q2 2011: US$176.6 million inclusive of restricted cash) - Undrawn senior debt facility - Crude oil inventory of US$29.4 million - Tax losses available for utilisation of US$289 million (Q2 2011 $265 million) http://www.lse.co.uk/shareChat.asp?ShareTicker=IAE&post=4328455 Mon, 14 Nov 2011 07:17:04 GMT mulledwine http://www.investegate.co.uk/Article.aspx?id=20111114070756M5803 http://www.lse.co.uk/shareChat.asp?ShareTicker=IAE&post=4328452 Mon, 14 Nov 2011 07:16:31 GMT simplesimon Psychologically breaking the 140 barrier on a Friday was a significant signal. ( to ME) Assuming the Athena doesn't sink on the way here, coupled with a general improvement in market sentiment should see us back to the 160/170 area by Xmas. With improved production figs to come should help to keep it's head above water. http://www.lse.co.uk/shareChat.asp?ShareTicker=IAE&post=4326823 Sun, 13 Nov 2011 15:46:55 GMT thistle Ithaca Energy Inc.: Rig Secured for Development Drilling in Greater Stella Area LONDON, UNITED KINGDOM and CALGARY, ALBERTA--(Marketwire - Nov. 3, 2011) - NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES Ithaca Energy Inc. (TSX:IAE)(AIM:IAE) announces that it has signed an agreement with Ensco Offshore UK Limited to provide a jack up drilling unit for development drilling on the Stella and Harrier fields to commence in 2012. Further to the recently announced Development Concept selection for the Stella and Harrier Fields in Block 30/6a of the Central North Sea, the Company has signed a Letter of Award for the Ensco 100 drilling unit for the development drilling campaign on the Stella and Harrier fields. The campaign, which will include the drilling of 5 firm wells and up to 3 options for additional wells, will commence on Stella in H2 2012. http://www.investegate.co.uk/article.aspx?id=20111103070017M2722&fe=1 http://www.lse.co.uk/shareChat.asp?ShareTicker=IAE&post=4281524 Thu, 03 Nov 2011 07:23:21 GMT thistle Ithaca Energy Inc. Ithaca Energy Inc. Announces Trading on Toronto... FOR: ITHACA ENERGY INC. TSX, AIM SYMBOL: IAE November 1, 2011 Ithaca Energy Inc. Announces Trading on Toronto Stock Exchange LONDON, UNITED KINGDOM and CALGARY, ALBERTA--(Marketwire - Nov. 1, 2011) - NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES Ithaca ("Ithaca" or the "Company") (TSX:IAE)(AIM:IAE) announces that the common shares of the Company have commenced trading on the Toronto Stock Exchange today under the Company's existing trading symbol "IAE". As of today, the common shares have been delisted from the TSX Venture Exchange. The common shares will continue to trade on the Alternative Investments Market (AIM), a market operated by London Stock Exchange plc under the symbol "IAE". About Ithaca Energy: Ithaca Energy Inc. and its wholly owned subsidiary Ithaca Energy (UK) Limited ("Ithaca" or the "Company"), is an oil and gas exploration, development and production company active in the United Kingdom's Continental Shelf. The goal of Ithaca, in the near term, is to maximize production and achieve early production from the development of existing discoveries on properties held by Ithaca, to originate and participate in exploration and appraisal on properties held by Ithaca when capital permits, and to consider other opportunities for growth as they are identified from time to time by Ithaca. http://www.investegate.co.uk/article.aspx?id=20111101130015M5267&fe=1 http://www.lse.co.uk/shareChat.asp?ShareTicker=IAE&post=4273070 Tue, 01 Nov 2011 13:14:06 GMT simplesimon With my limited knowledge, I am assuming hoping that this opens the possibility of tracker funds picking this up? http://www.lse.co.uk/shareChat.asp?ShareTicker=IAE&post=4266116 Mon, 31 Oct 2011 10:14:12 GMT simplesimon on iii thanks ......Changes in the S&P/TSX Venture Indices TORONTO, Oct. 28, 2011 /CNW/ - Standard & Poor's will make the following changes in the S&P/TSX Venture Indices: The Toronto Stock Exchange announced today in the Daily Bulletin that the shares of Ithaca Energy Inc. (TSXVN:IAE) will graduate to trade on TSX at the open of trading on Tuesday, November 1, 2011. The ticker symbol will remain "IAE" and the CUSIP number will remain 465676 10 4. The company will be removed from the S&P/TSX Venture Composite Index after the close of trading on Monday, October 31, 2011. Ithaca Energy is also a constituent of the S&P/TSX Venture Select Index. The company will be removed from this index effective after the close of Friday, November 4, 2011, at which time it will be listed on TSX. The company is also a constituent of the S&P/TSX Venture 30 Index. It will remain in this index, according to methodology, until the next index review after the end of January, 2012. Company additions to and deletions from an S&P equity index do not in any way reflect an opinion on the investment merits of the company. http://www.digitaljournal.com/pr/470620 http://www.lse.co.uk/shareChat.asp?ShareTicker=IAE&post=4266059 Mon, 31 Oct 2011 10:06:05 GMT Steveljewell Midas update & buy recommend http://www.dailymail.co.uk/money/investing/article-2055118/MIDAS-EXTRA-UPDATE-Oil-company-Ithaca-Energy-pulled-coup.html http://www.lse.co.uk/shareChat.asp?ShareTicker=IAE&post=4263110 Sun, 30 Oct 2011 09:46:16 GMT Steveljewell ... & good coverage reported below http://www.iii.co.uk/articles/19972/petrofac-announces-ithaca-deal http://www.lse.co.uk/shareChat.asp?ShareTicker=IAE&post=4224151 Thu, 20 Oct 2011 12:22:08 GMT simplesimon Good Morning to you to and thanks i just toped up. http://www.lse.co.uk/shareChat.asp?ShareTicker=IAE&post=4222483 Thu, 20 Oct 2011 08:34:57 GMT PetethePoet Not in this one but popped in to say good luck to all here after that pile of RNSs this a.m. Looking v.positive, I must say. The North Sea lives on! http://www.lse.co.uk/shareChat.asp?ShareTicker=IAE&post=4222406 Thu, 20 Oct 2011 08:25:12 GMT simplesimon http://www.investegate.co.uk/Index.aspx?searchtype=3&words=iae Ithaca Energy Inc. Corporate Acquisition of Challenger Minerals (N... http://www.lse.co.uk/shareChat.asp?ShareTicker=IAE&post=4222199 Thu, 20 Oct 2011 07:54:41 GMT firemac11 The only thing concerning me is that when Libyan oil floods back on the market now that there troubles are almost over the abundant will drive down the price of oil and the SP. Any thoughts and options welcome http://www.lse.co.uk/shareChat.asp?ShareTicker=IAE&post=4204532 Fri, 14 Oct 2011 21:24:03 GMT budd Production from Athena should double net production to IAE by the end of 2011 which will upgrade IAE by app 50% which should increase sp significantly and there is a lot more to come IMOP there is a great opportunity here to BUY at this price but do your own research as there is plenty of information on IAE history http://www.lse.co.uk/shareChat.asp?ShareTicker=IAE&post=4186479 Tue, 11 Oct 2011 14:56:19 GMT budd Print Mail a friend Tuesday 11 October, 2011 Ithaca Energy Inc. Ithaca Energy Inc.: Athena Project Update FOR: ITHACA ENERGY INC. TSX VENTURE, AIM SYMBOL: IAE October 11, 2011 Ithaca Energy Inc.: Athena Project Update LONDON, UNITED KINGDOM and CALGARY, ALBERTA--(Marketwire - Oct. 11, 2011) - NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES Ithaca Energy Inc. (TSX VENTURE:IAE)(AIM:IAE) announces that it has met major scheduled milestones for the Athena project and on site subsea installation work and rig based operations are on schedule. The Company will present the Athena project today at 9.30 a.m. in London; the presentation is available on the Company's website (www.ithacaenergy.com). Key milestones achieved: /T/ -- The drilling rig, Sedco 704, has now successfully completed four of the five development wells for production. The fifth and final well will finish in mid October after which the rig will be demobilised. -- Installation of the FPSO mooring system, riser base and subsea manifold have been completed utilising the Boa Deep C construction support vessel all of which are fundamental for the hook up between the BW Athena Floating Production Storage and Offtake ("FPSO")and the subsea facilitiesvessel. -- All topsides equipment on the BW Athena FPSO has been installed. Mechanical completion will occur in October and commissioning will commence. /T/ Forward plan: /T/ -- Installation of the subsea flowlines and umbilicals is underway and will be completed during October by the Boa Deep C and the subsea facilities will then be hooked up utilising the Bibby Topaz DSV (Dive Support Vessel). -- The vessel will leave Dubai around mid November to arrive in the field in December. The transit will take approximately 20 days and involves passage through the Suez Canal. -- The start up procedure in the field will take approximately 14 days to complete. This involves securing the vessel over the STP buoy, final hook up and commissioning of all surface and subsea systems. -- The Company continues to exercise tight control over remaining aspects of overall work programme. Potential risks remain to the schedule of adverse weather conditions or unexpected start-up procedure and commissioning delays /T/ The project remains within budget and first oil is anticipated in Q4 2011. http://www.lse.co.uk/shareChat.asp?ShareTicker=IAE&post=4184257 Tue, 11 Oct 2011 08:44:13 GMT budd www.investegate.co.uk/article.aspx?id=20111011092959M6982&fe=1 http://www.lse.co.uk/shareChat.asp?ShareTicker=IAE&post=4184224 Tue, 11 Oct 2011 08:38:04 GMT firemac11 WOW this and othe oils are dropping like stones http://www.lse.co.uk/shareChat.asp?ShareTicker=IAE&post=4125009 Mon, 26 Sep 2011 15:36:21 GMT firemac11 these are so cheap now it would be wrong not to top up http://www.lse.co.uk/shareChat.asp?ShareTicker=IAE&post=4119340 Sat, 24 Sep 2011 14:55:48 GMT simplesimon Offloading vessel, ÔBW AthenaÕ which is scheduled to sail to the Athena location by the end of Q3 2011. i am starting to look forward to an RNS stating the above is due to sail in x days time and will take y weeks to sail to location with ETA of Z? i know i am a bit previous but i sore bl##y Christmas decorations for sale in my local garden centre the other day!! now that is a tad early ;-] http://www.lse.co.uk/shareChat.asp?ShareTicker=IAE&post=4042352 Tue, 06 Sep 2011 12:56:23 GMT mulledwine Corporate -- The Company entered into an agreement to acquire a 28.46% non-operated interest in the Cook oil field from Hess Limited ("Hess") for a consideration of $62.5 million and the transfer from Ithaca to Hess of a 10% interest in each of exploration blocks 42/25b, 43/16a and 43/21c in the Southern North Sea (the "Cook Acquisition"). The transaction was completed on August 25, 2011 with an effective date of January 1, 2011 and an adjusted consideration of $57 million. The adjusted consideration does not reflect current oil inventory of approximately 185,000 barrels which will be part of the next Ithaca cargo lifting (of approximately 300,000 barrels) anticipated in Q4 2011. Cook production post completion shall be included in the Company's 2011 production figures. The field is currently producing approximately 7,000 boepd (1,992 boepd net to Ithaca). With the conclusion of the Cook acquisition, the Company now has three producing centres in Cook, Jacky & Beatrice and Anglia & Topaz. The commencement of production from Athena will further widen the Company's production base. -- The Company signed an earn in agreement with Challenger Minerals (North Sea) Limited to drill an appraisal well on the Hurricane discovery subject to agreeing 'turnkey' terms for the provision of a drilling rig and well management services. http://www.lse.co.uk/shareChat.asp?ShareTicker=IAE&post=4006960 Fri, 26 Aug 2011 06:12:53 GMT mulledwine Operations -- Production averaged 2,040 barrels of oil equivalent per day ("boepd") net to Ithaca over the 3 months period to June 30 with sales averaging 1,950 boepd after accounting for increased pipeline stock. Q2 production was lower than anticipated mainly as a result of the failure of the Electrical Submersible Pumps ("ESP") in the Jacky J01 production well as well as unscheduled interruptions during the drilling of the Jacky J03 well. The pumps were replaced during June 2011 and Jacky production was fully restored at the start of July 2011. -- The well workover campaign on Beatrice Alpha was completed in July, when the 'A21' well was returned to production following the re-completion of the well and deployment of a new ESP. -- The modification works being performed in Dubai to extend the 'BW Athena' FPSO vessel by 65 feet and install a turret mooring system were completed on schedule in June 2011. The vessel was subsequently re- floated ready for installation of the new power generation and water injection modules. -- The Sedco 704 drilling rig successfully concluded drilling operations on the Athena field in June 2011. The rig subsequently commenced the completion programme for the five development wells (four productions and one water injection), with operations on the 'A2', 'A3' and 'A4' wells having now been completed. The rig is currently undertaking completion operations on the fourth of the five well programme. -- The Athena Field Subsea Installation campaign began in early August with loadout and transport to the field of the submerged buoy mooring system. Other subsea equipment including risers and flowlines has been delivered to quayside and is ready for installation. More details and images of the Athena project are provided on the Company's website: http://www.ithacaenergy.com/Athena-Area.asp -- The first of the major contracts on the Stella project was awarded to GE Oil & Gas for the manufacture of the subsea trees and control systems. The Company has also completed an offshore geotechnical programme to determine the suitability of certain jackup drilling units at potential development drilling locations on the Stella and Harrier fields. The programme also included a borehole survey in advance of the planned Hurricane appraisal well. http://www.lse.co.uk/shareChat.asp?ShareTicker=IAE&post=4006957 Fri, 26 Aug 2011 06:11:20 GMT mulledwine HIGHLIGHTS Financial -- Q2 Earnings of US$2.9 million (Q2 2010: US$14.1 million) resulting in Half Yearly Earnings of US$9.5 million (1H 2010: US$26.2 million) -- Q2 Cashflow from Operations of US$3.7 million (Q2 2010: US$22.8 million) resulting in Half Yearly Cashflow from Operations of US$25.8 million (1H 2010: US$42.3 million) -- Cash US$176.6 million, inclusive of US$7.6 million restricted cash (Q1 2011: US$198.9 million inclusive of restricted cash) -- Undrawn US$140 million senior debt facility -- Tax losses of US$265 million (Q1 2011 $221 million) -- Further Oil Put Option taken out ensuring 2nd half 2011 Oil price floor of $115/barrel for 300,000 barrels (in addition to the previous Oil Put Option ensuring 10 months 2011 Oil price floor of $105/barrel for 804,500 barrels) -- Results and comparatives are now reported under International Financial Reporting Standards ("IFRS") http://www.lse.co.uk/shareChat.asp?ShareTicker=IAE&post=4006955 Fri, 26 Aug 2011 06:10:32 GMT mulledwine http://www.investegate.co.uk/Article.aspx?id=20110826070103M1934 http://www.lse.co.uk/shareChat.asp?ShareTicker=IAE&post=4006952 Fri, 26 Aug 2011 06:09:43 GMT mulledwine Ithaca Energy Inc. (TSX VENTURE:IAE)(AIM:IAE) and its wholly owned subsidiary Ithaca Energy (UK) Limited ("Ithaca" or the "Company"), announces that further to announcements on April 4, 2011 and May 16, 2011, the Company has completed the transaction to acquire a 28.46% non-operated interest in the Cook oil field ("Cook") from Hess Limited ("Hess"). At completion of the transaction, Ithaca paid an adjusted cash consideration of US$57 million and transferred to Hess a 10% interest in three Southern North Sea exploration blocks. The transaction has been funded from the Company's existing cash reserves. At completion, Ithaca is also entitled to an oil inventory of approximately 185,000 barrels. This inventory is anticipated to be lifted and sold in Q4 2011. The adjusted consideration does not reflect this anticipated cash receipt. http://www.lse.co.uk/shareChat.asp?ShareTicker=IAE&post=4006942 Fri, 26 Aug 2011 06:05:15 GMT mulledwine http://www.investegate.co.uk/Article.aspx?id=20110826070002M1543 http://www.lse.co.uk/shareChat.asp?ShareTicker=IAE&post=4006940 Fri, 26 Aug 2011 06:04:48 GMT Steveljewell http://www.investegate.co.uk/Article.aspx?id=20110819070005M5353 http://www.lse.co.uk/shareChat.asp?ShareTicker=IAE&post=3982076 Fri, 19 Aug 2011 06:54:53 GMT riddler today, c. £40k http://www.lse.co.uk/shareChat.asp?ShareTicker=IAE&post=3787171 Tue, 05 Jul 2011 16:27:36 GMT mulledwine LONDON, UNITED KINGDOM and CALGARY, ALBERTA--(Marketwire - July 4, 2011) - Ithaca Energy Inc. (TSX VENTURE:IAE)(AIM:IAE) - NOT FOR DISTRIBUTION ON U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES Ithaca Energy Inc. announces that stable production from the Jacky field has been restored in the J01 well ("the well") at approximately 3,120 barrels of oil per day ("bopd")(1,482 bopd net to Ithaca). Production has been restored to this level through the replacement of a dual ESP system with slightly larger pumps providing greater operational flexibility and prolonged run life. The well was producing at approximately 2,800 bopd (1,300 bopd net to Ithaca) before the loss of pump assisted flow, as previously announced. Jacky Joint Venture Partners are Ithaca (Operator, 47.5%), Dyas UK Ltd (42.5%), North Sea Energy (UK) Limited (10%). Athena Project Update The engineering and modifications associated with the dry dock works in Dubai to extend the Floating Production Storage and Offloading vessel, 'BW Athena' by 65 feet and install a turret docking system have been completed. The vessel has now been re-floated ready for installation of the new power generation and water injection modules during July 2011. This is another critical milestone accomplished towards achieving first oil in Q4 2011. http://www.lse.co.uk/shareChat.asp?ShareTicker=IAE&post=3778081 Mon, 04 Jul 2011 06:42:13 GMT mulledwine http://www.investegate.co.uk/Article.aspx?id=20110704065959M0452 http://www.lse.co.uk/shareChat.asp?ShareTicker=IAE&post=3778079 Mon, 04 Jul 2011 06:41:25 GMT mulledwine Iain McKendrick, CEO, commented, "Despite the short term set-backs that caused production shortfalls on Jacky in the first half of the year, Q1 has delivered a strong set of results. With completion of the Cook acquisition and Athena first oil in the second half of 2011 the vulnerability of the company's production to single well upsets has been addressed. This reduction of risk concentration will continue as we look to add further quality production acquisitions. With J01 production now restored, we look forward with confidence to first oil on Athena following the successful drilling program and the excellent progress being made elsewhere on the project." http://www.lse.co.uk/shareChat.asp?ShareTicker=IAE&post=3743849 Mon, 27 Jun 2011 06:12:40 GMT mulledwine Operational -- Sales averaged 3,493 barrels of oil equivalent per day ("boepd") net to Ithaca over the period to March 31. -- Successfully completed the drilling of the water injection well for the Athena field and commenced drilling of the final production well (drilling was successfully concluded post period end) -- Significant progress made on modification and recertification works of the Athena FPSO vessel "BW Athena" following arrival in a Dubai shipyard. The works are on schedule and anticipated to be completed in Q3 2011 ahead of first production in Q4 2011. http://www.lse.co.uk/shareChat.asp?ShareTicker=IAE&post=3743846 Mon, 27 Jun 2011 06:12:26 GMT