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BUZZ-Ithaca Energy: increases hedging to mitigate oil weakness

Tue, 31st Mar 2015 08:44

** The London and Toronto-listed Ithaca Energy jumps as much as 14 pct

** North Sea-focused oil and gas operator said it hasincreased its oil hedging protection since the start of the yearin order to mitigate against the impact of further Brent priceweakness

** Ithaca Energy says 4,000 bopd has been hedged at anaverage price of $69/bbl from July 2016 to June 2017

** Ithaca shares last up 13.3 pct (RM: aastha.agnihotri.thomsonreuters.com@reuters.net)

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