Sfeerbeeld

25 - 9 - 2014
Dyas to acquire 10% interest in the Catcher Development. More...
26 - 2 - 2014
Warrego Energy, Dyas and Mazarine Energy to commence AUD 40 million appraisal of West Australian gas assets. More...
8 - 10 - 2013
Dana Petroleum brings new production online in Southern North Sea More...
11 - 9 - 2013
Stella Development Well Successful Test Results  More...
18 - 6 - 2013
Stella Field Development Drilling Commences More...
17 - 1 - 2013
Nexen Announces Regulatory Approval for Solitaire Field in UK North Sea. More...
28 - 5 - 2012
Athena First Oil More...
8 - 5 - 2012
Completion of Greater Stella Area Transactions. More...
12 - 4 - 2012
FDP Approved for Stella and Harrier Fields More...
16 - 3 - 2012
Trap Oil Group plc acquires a 15 per cent working interest in the Athena Oil Field. More...
8 - 3 - 2012
Parkmead Acquires Stakes in Six Oil and Gas Fields and Achieves First Production. More...
29 - 2 - 2012
Athena Project Update More...
21 - 12 - 2011
First Gas Achieved From B13 Shallow Gas Development on Netherlands Continental Shelf More...
16 - 11 - 2011
Tunisia, Nabeul 3D Seismic Acquisition Complete More...
27 - 10 - 2011
Nexen receives Regulatory Approval for Major UK North Sea Development More...
20 - 10 - 2011
PETROFAC ANNOUNCES IES AGREEMENT IN THE NORTH SEA  More...
20 - 10 - 2011
Divestment to Dyas of an Interest in the Hurricane Field More...
17 - 6 - 2011
Maersk Oil approves Golden Eagle Development Plan More...
3 - 6 - 2011
Sterling Resources announces results of final well of Cladhan program. More...
12 - 4 - 2011
Sterling Resources announces another successful well at Cladhan. More...
30 - 11 - 2010
Launch of the development of West Franklin Phase 2. More...
27 - 9 - 2010
Third New Netherlands Gas Field Put on Production by Northern. More...
21 - 9 - 2010
Athena Field Development Plan Approved More...
13 - 9 - 2010
Sterling announces successfull well test at Cladhan. More...
9 - 9 - 2010
Athena Field Development Contracts Awarded More...
27 - 8 - 2010
Taqa Energy vergroot aandeel Gasopslag Bergermeer More...
11 - 2 - 2010
Galaxy II Mobilises to Drill Stella Appraisal Well More...
8 - 2 - 2010
Athena Project Moves Ahead More...
4 - 2 - 2010
Bravo Workover Success More...
30 - 11 - 2009
Dyas to swap stake in Capricorn for shares in Cairn and interests in Mediterranean More...
20 - 8 - 2009
Gazprom signes agreement for Bergermeer Gas Storage project. More...
6 - 5 - 2009
Dyas led consortium acquires the Oranje-Nassau Groep More...
6 - 4 - 2009
First Oil from the Jacky Field and Resumption of Production from Beatrice Bravo Facility. More...
5 - 12 - 2008
TAQA and Gazprom export sign MoU to Partner on Dutch Bergermeer Gas Storage More...
4 - 12 - 2008
Dyas is looking for an asset manager of its Upstream Oil & Gas Joint Venture Portfolio. More...
25 - 11 - 2008
Dyas Divestment bid date extension More...
30 - 10 - 2008
Dyas Enters Into Strategic Asset Transaction with Ithaca Energy More...
8 - 10 - 2008
Dyas Divestment 2008 More...
9 - 9 - 2008
Start-up K5F gas production More...
9 - 9 - 2008
UK North sea: major success of appraisal of West Franklin More...
28 - 5 - 2008
Delta Hydrocarbons is growing through acquisitions. More...
31 - 3 - 2008
Cairn PLC announces Preliminary 2007 results, which include those of Capricorn. More...
14 - 1 - 2008
First Gas Achieved From A12 Shallow Gas Development on Netherlands Continental Shelf. More...
10 - 1 - 2008
Capricorn becomes largest license holder offshore Greenland More...
25 - 10 - 2007
Secretary of state visits Elgin / Franklin platform and announces start-up of record-breaking field More...
7 - 9 - 2007
Capricorn makes recommended cash offers for AIM listed Plectrum and medOil More...
7 - 9 - 2007
Dyas acquires a 10% stake in Capricorn from Cairn. More...
13 - 8 - 2007
Celtic Sea Hook Head prospect drilling to start. More...
19 - 6 - 2007
Ottoland Oil Drilling successful More...
31 - 5 - 2007
Talisman Energy announces first oil from its Enoch development More...
26 - 4 - 2007
Re-entry of Ottoland-1 well More...
23 - 4 - 2007
Northern Petroleum and Dyas sign deal for partial transfer of certain Dutch assets and establish an International Alliance. More...
23 - 3 - 2007
Dyas commits $ 250 mln in Delta Hydrocarbons, alongside 3i and Upstream Capital Partners More...
7 - 2 - 2007
Dyas Farm-in Celtic Sea More...
8 - 1 - 2007
NewsImage Buzzard First Oil More...
18 - 12 - 2006
Scottishpower buys Hatfield Moor gas storage facility More...
1 - 9 - 2006
Total develops a new gas field in block K5. More...
30 - 6 - 2006
NewsImage Significant Milestone Achieved at Buzzard More...
24 - 2 - 2006
"A & B blocks - Chevron development unlocks gas potential in The Netherlands" More...
4 - 7 - 2005
UK and Norwegian Government Approval for Enoch Field Development. More...
4 - 7 - 2005
Dyas and Oranje Nassau complete the acquisition of Edinburgh Oil & Gas plc. More...
31 - 5 - 2005
Edinburgh Oil & Gas plc Extraordinary shareholder meeting approve the Dyon acquisition. More...
29 - 4 - 2005
NewsImage Total UK accepts Dyas bid for its 17.5% equity in the offshore Enoch & Affleck developments. More...
29 - 4 - 2005
Edinburgh Oil & Gas plc board recommend the acceptance of the Dyas/Oranje Nassau cash offer. More...
25 - 4 - 2005
Edinburgh Oil & Gas announces joint approach by Dyas/Oranje Nassau to acquire the entire company share capital. More...
1 - 9 - 2004
NewsImage Dyas negotiates deal with NAM to acquire A&B block shallow gas reservoirs. More...
5 - 8 - 2004
NewsImage Terms are agreed with CMI for the acquisition of 8% equity in the Broom development. More...
14 - 8 - 2003
NewsImage Dyas acquires Cairn Dutch subsidiary Holland Sea Search. More...
4 - 7 - 2003
NewsImage GAS DISCOVERY IN THE UK NORTH SEA More...
16 - 9 - 2002
test More...
14 - 12 - 2001
NewsImage Bergen Concessionaires publish third party access terms and conditions for gas storage services from Alkmaar PGI More...
30 - 10 - 2001
NewsImage Q4 - 10 exploration well success offshore The Netherlands by Clyde Petroleum  More...
25 - 10 - 2001
NewsImage P6 - D development offshore The Netherlands by Clyde Petroleum.  More...
9 - 8 - 2001
NewsImage Hanze Oil field First Oil offshore The Netherlands by Veba Oil & Gas Netherlands  More...
2 - 8 - 2001
NewsImage Castricum Zee development offshore The Netherlands by Clyde Petroleum.  More...
2 - 4 - 2001
NewsImage Elgin and Franklin Development offshore United Kingdom by TotalFinaElf UK. More...
6 - 4 - 2000
First Oil from the Jacky Field and Resumption of Production from Beatrice Bravo Facility. More...
News
October 20, 2011

Ithaca Energy Inc. Divestment to Dyas of an Interest in the Hurricane Field

 
TIDMIAE 
 
Divestment to Dyas of an Interest in the Hurricane Field 
FOR:  ITHACA ENERGY INC. 
 
TSX VENTURE, AIM SYMBOL:  IAE 
 
October 20, 2011 
 
Ithaca Energy Inc.: Divestment to Dyas of an Interest in the Hurricane Field 
 
Rig Committed for Hurricane Appraisal 
 
LONDON, UNITED KINGDOM and CALGARY, ALBERTA--(Marketwire - Oct. 20, 2011) - 
 
NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES 
 
Ithaca Energy Inc. (TSX VENTURE:IAE)(AIM:IAE) announces that it has agreed to divest an interest in the 
Hurricane field to Dyas UK Limited ("Dyas"). The Company has also signed a contract letter of intent to secure 
a rig for drilling of the Hurricane appraisal well in early 2012. 
 
The Company has signed an agreement with Dyas to divest a 25.34% interest in Block 29/10b, which contains the 
Hurricane field, with an effective date of 1 January 2011. In consideration for the interest, Dyas will pay its 
pro-rata share of costs incurred since the effective date. This transaction should be considered within the 
context of all transactions announced by the Company today. The transaction is subject to the submission for 
approval of a Stella / Harrier Field Development Plan to the Department of Energy and Climate Change ("DECC"). 
 
Hurricane Appraisal Well Rig Commitment 
 
The Company has signed a rig contract letter of intent with Awilco Drilling plc to provide a semi-submersible 
drilling unit for the drilling of an appraisal well and performance of a well test on Hurricane commencing in 
Q1-2012. The Company intends to manage the drilling of the well through turnkey arrangements. 
 
A conference call for analysts in the UK and Europe will be held at 09.00 GMT on October 20 2011 and with North 
American analysts on the same day at 14.00 GMT (07.00 EST) to provide further background information on the 
details presented in this and other recent press releases issued today. Dial-in details for the call can be 
obtained by contacting Pelham Bell Pottinger. 
 
A presentation concerning the information covered in this press release will be available on the Company's 
website (www.ithacaenergy.com) immediately prior to the conference call on October 20 2011. 
 
Notes to oil and gas disclosure: 
 
In accordance with AIM Guidelines, Hugh Morel, BSc Physics and Geology (Durham), PhD Hydrogeology (London) and 
senior petroleum engineer at Ithaca is the qualified person that has reviewed the technical information 
contained in this press release. Dr Morel has 30 years operating experience in the upstream oil industry. 
 
About Hurricane: 
 
Hurricane was discovered in 1995 by well 29/10-4Z which tested the western lobe of a mapped structure and 
encountered light oil (41 degrees API) in a 62 foot section of reservoir sands. The Hurricane appraisal well is 
being designed to confirm hydrocarbons in the eastern lobe of the structure, characterised by high porosity (up 
to 30%) channelised Paleocene Rogaland sandstones. Upon the successful appraisal of Hurricane, the intention is 
to suspend the well as a future development well. 
 
About Ithaca Energy: 
 
Ithaca Energy Inc. and its wholly owned subsidiary Ithaca Energy (UK) Limited ("Ithaca" or "the Company"), is 
an oil and gas exploration, development and production company active in the United Kingdom's Continental Shelf 
("UKCS"). The goal of Ithaca, in the near term, is to maximize production and achieve early production from the 
development of existing discoveries on properties held by Ithaca, to originate and participate in exploration 
and appraisal on properties held by Ithaca when capital permits, and to consider other opportunities for growth 
as they are identified from time to time by Ithaca. 
 
Not for Distribution to U.S. Newswire Services or for Dissemination in the United States. 
 
Forward-looking statements 
 
Some of the statements in this announcement are forward-looking. Forward-looking statements include statements 
regarding the intent, belief and current expectations of Ithaca Energy Inc. or its officers with respect to 
various matters. When used in this announcement, the words "anticipate", "continue", "estimate", "expect", 
"may", "will", "project", "plan", "should", "believe", "could", "target" and similar expressions, and the 
negatives thereof, whether used in connection with future development plans associated with the Hurricane field 
are intended to identify forward-looking statements. Such statements are not promises or guarantees, and are 
subject to known and unknown risks and uncertainties and other factors that may cause actual results or events 
to differ materially from those anticipated in such forward-looking statements or information. These forward- 
looking statements speak only as of the date of this announcement. Ithaca Energy Inc. expressly disclaims any 
obligation or undertaking to release publicly any updates or revisions to any forward-looking statement 
contained herein to reflect any change in its expectations with regard thereto or any change in events, 
conditions or circumstances on which any forward-looking statement is based except as required by applicable 
securities laws. 
 
 
 
 
FOR FURTHER INFORMATION PLEASE CONTACT: 
 
Ithaca Energy Inc. 
Iain McKendrick 
CEO 
+44 (0) 1224 650 261 
imckendrick@ithacaenergy.com 
 
OR 
 
Ithaca Energy Inc. 
Graham Forbes 
CFO 
+44 (0) 1224 652 151 
gforbes@ithacaenergy.com 
 
OR 
 
Ithaca Energy Inc. 
Nick Muir 
CTO 
+44 (0) 1224 650 267 
nmuir@ithacaenergy.com 
www.ithacaenergy.com 
 
OR 
 
Pelham Bell Pottinger Public Relations 
Philip Dennis 
+44 (0) 207 861 3919 
pdennis@pelhambellpottinger.co.uk 
 
OR 
 
Pelham Bell Pottinger Public Relations 
Rollo Crichton-Stuart 
+44 (0) 207 861 3918 
rcrichton-stuart@pelhambellpottinger.co.uk 
 
OR 
 
Cenkos Securities plc 
Jon Fitzpatrick 
+44 (0) 207 397 8900 
jfitzpatrick@cenkos.com 
 
OR 
 
Cenkos Securities plc 
Beth McKiernan 
+44 (0) 131 220 6939 
bmckiernan@cenkos.com 
 
OR 
 
RBC Capital Markets 
Tim Chapman 
+44 (0) 207 653 4641 
tim.chapman@rbccm.com 
 
OR 
 
RBC Capital Markets 
Matthew Coakes 
+44 (0) 207 653 4871 
matthew.coakes@rbccm.com 
 
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of 
the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. 
 
 
Ithaca Energy Inc. 
 

(END) Dow Jones Newswires

October 20, 2011 02:05 ET (06:05 GMT)

© 2005 Dyas BV