IAE.L Share News (IAE)

Ithaca Energy swings to first-half loss, but revenues rise

North Sea-focused oil and gas firm Ithaca Energy said it strengthened its business in the first half but swung to a loss before tax of $2.5m, compared with a profit of $73m the year before. The AIM-listed group reported $199.6m in revenue for the year ended June, slightly higher than last year's $1

Ithaca Energy reports loss for first half

Aug 12 (Reuters) - North Sea oil and gas operator Ithaca Energy Inc reported a pretax loss for the first-half as costs soared. Ithaca reported a pretax loss of $2.5 million for the six months ended June 30 compared with a pretax profit of $73 million a year earlier. Revenue rose 6 percent t

Thursday broker round-up UPDATE

Afren: Oriel cuts target price from 145p to 125p, while upgrading from hold to buy. Canaccord Genuity moves from hold to a speculative buy with a target price of 120p. Aggreko: Morgan Stanley raises target price from 1300p to 1350p, while leaving its underweight rating unaltered. Clinigen: N+1 Sin

Tullow Oil, Ithaca Energy Fail To Strike Hydrocarbons At Lupus Well

Ithaca Energy Increases Production Rate To Be In Line With Guidance

Avanti Comms directors increase company holdings

Satellite operator Avanti Communications on Monday reported that David Bestwick, its Chief Technology Officer, and Nigel Fox, its Chief Financial Officer, had both increased their holdings in the group. The largest of the purchases was made by Bestwick, who bought 4,000 shares at 250.03p each on F

Ithaca Energy Completes Offer Of USD300 Million In Senior Notes

Ithaca Energy "Delighted" With Production At Third Development Well

Ithaca Energy to buy North Sea oil fields

Ithaca Energy has agreed to buy interests in three UK North Sea oil fields from Sumitomo Corporation for $170m. The firm will purchase a further 20% interest in the Shell-operated Cook field, bringing its total stake up to 61.346%. The company will also acquire 7.48% in the Shell-operated Pierce

UK MORNING BRIEFING: Shares Down As Iraq Fighting Lifts Oil Prices

Ithaca Energy Buys Interests In UK Oil Fields For USD170 Million

Ithaca Energy to buy interests in three UK oil fields for $170 mln

June 23 (Reuters) - Ithaca Energy Inc said it entered into an agreement with Sumitomo Corp to buy interests in three UK oil fields for $170 million. The North Sea oil and gas operator said incremental 2014 pro-forma production from the field interests was estimated to be about 2,500 barrel

Ithaca Energy Keeps 2014 Production Guidance As Stella B1 Succeeds

LONDON (Alliance News) - Ithaca Energy Inc Tuesday said it has successfully drilled the third development well at the Stella field in the North Sea, and it has encountered high-quality reservoir sands. The North Sea oil and gas operator said its 2014 production enhancements programme is pro

Ithaca Energy unveils promising drilling results at North Sea well

Oil and gas explorer Ithaca Energy has reported promising drilling results from a North Sea well. Ithaca, which has exploration and production assets in the UK North Sea and Norwegian exploration activities, said its third well in the Stella field, known as B1, had found high-quality sands across a

UK MORNING BRIEFING: Whitbread Leads FTSE 100 On Strong Quarter

LONDON (Alliance News) - UK shares have opened higher Tuesday, encouraged by a positive close on Wall Street on Monday and ahead of UK inflation data.

Whitbread leads FTSE 100 gainers, as it said its Premier Inn hotels and Costa Coffee shops continued their strong s