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About Us
Ithaca Energy is a Canadian oil and gas exploration and development company with offices in Calgary,
Canada, London, England and Aberdeen, Scotland, which is focused on the exploration and development of
oil and gas reserves in the North Sea on the United Kingdom’s Continental Shelf.
Our objectives are to develop existing discoveries, explore for new
discoveries and acquire assets. Ithaca’s strategy is to acquire existing production or discoveries by purchase,farm-in or acquiring new licences; use modern seismic, drilling and production technologies, which management expects will increase reserves and provide income potential; use management’s technical knowledge to generate and acquire exploration prospects; and use management’s commercial skills to finance the exploitation of Ithaca’s exploration and development prospects through farm-outs, joint ventures and equity issues.
Ithaca has built a diversified portfolio of exploration and development assets through participation in the United Kingdom’s recent Seaward licensing rounds and through acquisitions. This diversity is evidenced by properties in different geographic areas, encompassing multiple play types (both oil and gas), while maintaining a close proximity to producing fields in proven petroleum systems. Ithaca’s interests range from 20% to 100% in 30 blocks or partial blocks under 16 licences.
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| Latest News |
Ithaca Energy Announces Response to Endeavour’s Non-Binding Proposal
LONDON, U.K. - CALGARY, ALBERTA, July 7, 2008 -- Ithaca Energy Inc. (LSE-AIM: IAE, TSX-V: IAE), an independent oil & gas company with exploration and development assets in the UK sector of the North Sea, announces that its Board of Directors has unanimously determined that the unsolicited non-binding proposal (the "Proposal") received from Endeavour International Corporation to acquire all of the issued and outstanding shares of Ithaca is not in the best interests of Ithaca shareholders.
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VIEW PRESENTATION
Environmental Performance 2007 Report (pdf)
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