Strategy

Ithaca's strategy is to:

• Fast track appraisal and development of oil and gas fields
• Acquire producing fields or undeveloped discoveries that:
  • May not be material for larger companies
  • May need technical or financial investment
  • May no longer fit with an exiting company's strategy and business model
• Use tried and tested development and production technologies
• Employ in-house technical knowledge to generate development opportunities
• Participate in licensing rounds to gain acreage positions around its core assets
• Leverage commercial capability to establish solid equity positions
• Prioritise capital investment to projects representing early production and significant cash flow