Company Strategy

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Company Strategy

Ithaca’s strategy is centred on generating sustainable long term shareholder value by building a highly profitable 25kboe/d North Sea oil and gas company.

Execution of the Company’s strategy is focused on the following core activities:

  • Maximising cashflow and production from the existing asset base
  • Delivery of lower risk, long term development led growth through the appraisal of undeveloped discoveries
  • Delivering first hydrocarbons from the Ithaca operated GSA development
  • Continuing to grow and diversify the cashflow base by securing new producing, development and appraisal assets through targeted acquisitions and licence round participation
  • Maintaining capital discipline, financial strength and a clean balance sheet, supported by lower cost debt leverage