Ithaca Energy is a North Sea oil and gas exploration, development and production company with offices in Calgary, Canada and Aberdeen, Scotland. The Company was incorporated in Canada in 2004.
Our objectives are to appraise and develop existing discoveries and to explore new areas employing tried and tested technologies. The Company’s strategy includes the acquisition of existing production and discoveries by purchase, farm-in and licensing rounds, which management anticipates will increase reserves and provide significant cashflow.
Ithaca has built a diverse portfolio of development and production assets through acquisition and participation in five licensing rounds to date. The properties lie in a range of geographic areas throughout the North Sea, and include both oil and gas plays, in close proximity to producing fields in proven petroleum systems.