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New Wood Mackenzie Report shows Critical Role of UK Oil for Europe's Integrated Energy System

Wood Mackenzie, in partnership with Ithaca Energy and Offshore Energies UK (“OEUK”), is pleased to announce the publication of a report on UK Oil Flow Analysis and the UK’s role within the European energy system, focusing on UK crude oil production and the end markets for crude oil and refined oil products. The report was commissioned by Ithaca Energy and endorsed by OEUK, whereby Wood Mackenzie conducted independent analysis of the trade of UK crude oil production.

The report can be read in whole here on Wood Mackenzie’s website: https://www.woodmac.com/news/opinion/uk-critical-role-in-europe-integrated-oil-system

Third Quarter Update and Results for the Nine Months to 30 September 2025

Ithaca Energy today announced its unaudited financial results for the nine months ended 30 September 2025.

Celebrating a year of successful operations following Business Combination reporting strong YTD production, improved HSE performance, a transformed cost base, enhanced financial performance and strong balance sheet.

The Group reports strong execution of its growth strategy with a focus on growth and high return investments with continued maturation of its West of Shetland growth strategy and continued consolidation activity in the UKCS. The Group announced the acceleration of its second interim dividend of $133 million, taking the Group’s total 2025 cash distributions to $500 million.

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