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Ithaca Energy provides end-of-quarter operations update


Published Oct 6, 2015
Ithaca Energy Inc.

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.

Highlights •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

Tags: Ithaca Energy Inc.




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