IAE.L Share News (IAE)

Ithaca Energy Profit Jumps Despite Lower Production Forecast

Ithaca Energy Development Plan Achieves Key Goals, Production Lowers

Ithaca Energy announces new debt facilities

Ithaca Energy has extended and executed long-term senior bank debt financing facilities to fund oil and gas activities. The company has increased its existing reserve-based lending facility from $430m to $610m, phasing out a $350m facility which was used to fund the acquisition of Valiant Petroleu

Clinigen CEO sells a further 0.5m shares post placing

Pharmaceuticals and services business Clinigen said Wednesday that Peter George, its Chief Executive Officer, has sold a further 0.5m shares in addition to the 2.8m disposed of on Monday. The shares, which were all sold for 410p each, were part of the 8.7m placed with a number of directors on Mond

Ithaca Energy CEO Steps Down; Thomas Named As Replacement

UPDATE 1-Ithaca Energy CEO McKendrick to leave

Sept 27 (Reuters) - North Sea oil and gas operator Ithaca Energy Inc said Chief Executive Iain McKendrick was stepping down due to personal reasons, sending its shares down as much as nine percent. Ithaca said McKendrick will be replaced by Les Thomas, a former executive at energy services

Ithaca Energy CEO McKendrick to leave

Sept 27 (Reuters) - Ithaca Energy Inc said Chief Executive Iain McKendrick was stepping down due to personal reasons and would be replaced by Les Thomas, a former executive at energy services company John Wood Group. McKendrick, who oversaw the North Sea oil and gas operator's acquisition

Ithaca Energy Cashflow Positive After Further Farm Out Deals

Ithaca Energy leaps on promising North Sea news

News of an 'enormous leap forward' at its main development oil field invigorated shares in North Sea producer Ithaca Energy. The AIM- and Toronto-listed company revealed the first test well at its Greater Stella Area property had produced a good flow and high quality of oil. Chief Executive Office

STOCKS NEWS EUROPE-UK AIM index gains, Ithaca Energy jumps

Junior-listed AIM shares advance 1.3 percent, outperforming the wider market, with the mid-caps up 0.1 percent while the blue chips and the FTSE Small Cap index trade 0.1 percent lower. Oil firm Ithaca Energy is among the top AIM risers, ahead more than 18 percent, after encouraging results

STOCKS NEWS EUROPE-Ithaca rises on encouraging North Sea results

Shares in oil firm Ithaca Energy climb 12 percent after encouraging results from its the latest well at its North Sea Stella project which it is in the process of developing. "This is a very positive result for Ithaca as the well test rates exceeded expectations," say Westhouse analysts, wh

Ithaca Energy Says Flow Test At Stella Well "Highly Successful"

Tuesday broker round-up UPDATE

African Barrick Gold: Investec shifts target price from 135p to 137p, while downgrading from hold to sell. Aquarius Platinum: JP Morgan moves target price from 39p to 49p, while downgrading from neutral to underweight. Citi lowers target price from 66p to 54p and downgrades from buy to neutral. As

Wednesday broker round-up UPDATE

Afren: Investec moves target price from 160p to 170p and stays with its buy recommendation. APR Energy: Investec places its target price (prev.: 900p) under review and maintains a hold recommendation. Aviva: Canaccord Genuity raises target price from 385p to 460p upgrading from hold to buy. Balfo

Ithaca Energy expects full-year output at lower end of guidance

Ithaca Energy's shares declined after the company said its anticipates full-year production will be at the lower end of annual guidance of 14,000 to 16,000 barrels of oil equivalent per day (boepd). The group based its 2013 expectations on production in the first half and the challenges ahead in s