Ithaca Energy Inc. provides an operations update following the end of the third quarter of the year. The Company is scheduled to issue its financial results for Q3-2015 on 16 November 2015.
•Average year to date production to the end of Q3-2015 was 12,300 barrels of oil equivalent per day
•Commissioning operations have commenced on the 'FPF-1' floating production facility and sail-away of the vessel remains on track for the end of the first quarter of 2016
•Forecast full year 2015 capital expenditure reduced to $120 million, a reduction of approximately $30 million against previous guidance
•Further reduction in forecast net debt at the end of 2015 to approximately $750 million, down from previous guidance of under $800 million as a result of cost savings across the business