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Share Name Share Symbol Market Type Share ISIN Share Description
Ithaca Energy LSE:IAE London Ordinary Share CA4656761042 COM SHS NPV (DI)
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +0.00p +0.00% 110.75p 0.00p 0.00p - - - 0 01:00:00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Oil & Gas Producers 116.4 -67.7 -10.5 - 471.00

Ithaca Energy Share Discussion Threads

Showing 21401 to 21423 of 21425 messages
Chat Pages: 857  856  855  854  853  852  851  850  849  848  847  846  Older
DateSubjectAuthorDiscuss
13/6/2019
17:15
IAE was one of my best investments despite the give away takeover price.
bountyhunter
13/6/2019
14:51
Ha! whatever happened to bobob? I always liked his posts and he was very knowledgable. I was never in GKP, but I seem to remember it all turned a bit nasty with bob and others over there.
farmscan
13/6/2019
14:41
Spangle have been in and out of Casp a number of times myself over more years than I can remember accurately certainly when the poster "hiddendepths" was previously known as *Pippin* Think he was in EEN as well but have been sitting on the side-lines for a while now. If the share price drops back into single figures again I will probably have a nibble. I'm not particularly fond of the ramptastic bb at the moment.
captainfatcat
13/6/2019
14:31
Didn't touch SEY - I think bobobob was punting that one. Like CFC I got IAE in the 40s and actually remembered to sell rather than watch it go up and down. That's unlike LGO (now CERP) -to answer CFC - where I had a big profit at one stage until they got the tool stuck in the hole, and now my investment is peanuts. Likewise RRL would cost me more to sell than my residual value - so much for all the big plans. The only T&T oiler I hope to do well with is TXP, where Ortoire looks very positive, though all will jump if the tax system is made fairer. Elsewhere, there are signs that CASP (formerly ROXI) are poking a very big field indeed just 40km down the road from Tengiz, so I'm watching with some interest there. MATD is planning a well to spud in July that is so close to its neighbour's producing field (and on trend) that you can see the brand of tea bags in the operations room. And while BLOE has consolidated at around its recent placing price, there are enough transformation points in the coming year to make it interesting, especially now it is throwing off $1MM a month
spangle93
13/6/2019
14:17
oh yes had a few SEY as well I had forgotten that one.
captainfatcat
13/6/2019
13:33
Spangle, yes I held Gulfsands as well. I always felt that Emerald only really did well on GPX coat tails, Khurbet East was the big winner! Where might we have been had it not been for that ghastly war! I eventually dumped all my GPX when they took it private. I also bought SEY when Beardsall went there. Now that was a mistake! I cleared out SEY and a few other no-hopers and put it all into RRE @ 6.15, so hopefully that will make up for a little of the losses. I had been hoping to start to syphon a few off from Hurricane into Jadestone but it is a little slow to move at the moment.
farmscan
13/6/2019
11:25
EEN was very good to me and GPX which luckily I sold at close to the top with the majority of both going in to SQZ (average 20p) and IAE (around the 44p mark also) subsequently when IAE was taken out the cash went mainly into SQZ and a few other companies. Also have a small holding in JSE Spangle not sure if your still in any of the Trinidad and Tobago E&P but have also have a reasonable holding in TXP now with an average around 16p.
captainfatcat
13/6/2019
11:14
I did very well from IAE - having bought at around 44p, all shares were sold at multiples of that, but they were very optimistic with their GSA project targets. I'm SQZ (having been from 70p to 3p and back to 140p) and in HUR, but not with any significance, hoping for a take out of the ones I haven't sold. My belief is that they hit the market perfectly with the timing of the AM, landing up in the yard when there was little else to compete for the A team or get in the way of good productivity. I feel I can sleep much more soundly with SQZ though. But I wasn't ever in EEN - you're perhaps thinking of GPX, where I actually still hold a few shares, hoping for the day when life returns to normal in Syria. What a human tragedy that has been. The one you haven't mentioned (because most stocks have been North Sea based) is JSE, which has the same business model but in the Far East, and which like SQZ is throwing off cash. Holding that for 5 years will (I believe) be as lucrative as IAE was
spangle93
13/6/2019
10:38
Any combination of SQZ, RRE, IOG could be a good fit, but would definitely like to see RRE relisted first! HUR would need a major for a takeout but too early yet I think seems to be the concensus.
bountyhunter
13/6/2019
10:16
Likewise. HUR and SQZ are my biggest holdings, although I hope Serica remains independent for a few years. If the take over is at the right price(!), it removes the 'when to sell' decision, so I generally prefer that scenario.
farmscan
13/6/2019
10:04
No not in EEN but was in VPC before IAE, then FPM, all four now taken over! Hoping for a repeat performance with HUR!
bountyhunter
13/6/2019
09:58
bounty, were you in Emerald? I know cfc was and I think Spangle was. It was at that time I bought into Serica. A lot of the EEN proceeds went here, so like many I was gutted by the 'deal'! But I'm sure the board considered it to be the right thing to do.
farmscan
12/6/2019
20:34
just bored with the HUR thread right now and noticed Spangle's update here lol :)
bountyhunter
12/6/2019
20:23
wondered what the activity was 8-)
captainfatcat
12/6/2019
20:01
Yes irritating isn't it! Same CEO as well.
bountyhunter
30/5/2019
07:27
Where would we be now, sigh hTTps://www.investegate.co.uk/ithaca-energy-inc/rns/acquisition-of-chevron-north-sea-limited/201905300705015340A/
spangle93
24/8/2018
23:57
Saw that too and Petrofac even took an impairment on that price. Robbed we was, but thems the fish we get thrown at the bottle of the barrel.
rich73
24/8/2018
12:10
GSA Acquisitions - HTTPS://www.investegate.co.uk/ithaca-energy-inc/rns/gsa-acquisitions/201808240700067582Y/ Ithaca Energy Limited (IAECN: ISINs US465676AA22 / USC48677AA34) (the "Company") announces it has entered into agreements to acquire all the Greater Stella Area ("GSA") licences and associated infrastructure interests of Dyas UK Limited ("Dyas") and Petrofac Limited ("Petrofac"). The acquisition materially increases the Company's production and reserves base, while simultaneously delivering full control and flexibility over the long term development of the GSA production hub. As a result of the transactions, the Company's pro-forma 2018 production is forecast to increase by approximately 50% to 22,000 barrels of oil equivalent per day, with pro-forma 2018 unit operating costs forecast to reduce to approximately $18 per barrel of oil equivalent. Based on the most recent independent reserves evaluation performed by Sproule International Limited ("Sproule"), the transactions are estimated to increase the Company's proven and probable ("2P") reserves as of 31 December 2017 by over 20 million barrels of oil equivalent. The effective date of the acquisition is 1 January 2018 ("Effective Date"), with the consideration paid at completion being subject to conventional adjustments to reflect the income and costs associated with the assets since the Effective Date. The transactions are expected to complete around the end of 2018 and are subject to customary regulatory approvals. In aggregate, the transaction consideration reflects payments associated with the acquisition of the assets of $190 million and a revision and rescheduling of Ithaca's existing $140 million deferred payments to Petrofac that resulted from completion of the "FPF-1" modifications programme and the Company's accrual of associated capital allowances. In summary, the consideration payable comprises an initial payment at completion of the transaction, which is forecast to total approximately $130 million (net of estimated interim period cashflows of $80 million), plus deferred payments of $120 million payable over the period 2020 to 2023. Dependent on the future performance of the Stella and Harrier fields, Petrofac also has the opportunity to earn up to an additional $28 million by 2023. The transaction is to be funded from an increased and extended RBL facility...
speedsgh
24/8/2018
11:39
A similar scenario is now playing out at FPM but with a stronger BoD!
bountyhunter
09/5/2018
16:17
if only the BoD hadn't caved in I think the share price would now be significantly higher!
bountyhunter
09/5/2018
14:04
Q1 2018 Financial Results - HTTPS://www.investegate.co.uk/ithaca-energy-inc/rns/q1-2018-financial-results/201805080700132692N/ Ithaca Energy Inc. (IAECN: ISINs US465676AA22 / USC48677AA34) ("Ithaca" or the "Company") announces its financial results for the three months ended 31 March 2018 ("Q1-2018" or the "Quarter"). Solid cashflow generation, with improving cash netbacks · Average Q1-2018 production of 18,165 barrels of oil equivalent per day ("boepd") - a 95% increase on Q1-2017 driven by a full quarter's contribution from the Stella field and consistent performance across the base producing asset portfolio · Unit operating expenditure reduced to $18/boe1, a $3/boe or 14% reduction on Q1-2017 · Cashflow from operations of $47 million1, equating to $29/boe · Earnings of $5 million · Downside commodity price hedging extended - 4,600 barrels of oil per day ("bopd") for the 24 months to March 2020 at an average floor price of $59/bbl and 2,000 boepd of gas at 46p/therm to June 2019 · Net debt reduced to $554 million at 31 March 2018 Refinancing of the Company's debt facilities underway · Proactively addressing the existing debt maturity profile, while simplifying the capital structure and significantly enhancing liquidity · Reserves Based Lending ("RBL") facility to be extended and increased to $350 million, enabling retirement of the $140 million Term Loan. The existing $100 million Delek Parent Loans will be replaced with a $100 million Subordinated Shareholder Loan (ranks with equity), resulting in a pro-forma reduction in net debt at end Q1-2018 to $454 million2 Increasing 2018 production and cashflow generation · Average 2018 production forecast to be approximately 15,000 boepd, reflecting the divestment of the Wytch Farm field, the anticipated start-up of the Harrier field in mid-2018 and planned maintenance shutdowns being undertaken during the year · 2018 unit operating expenditure forecast to average approximately $19/boe1 - underpinning strong cash netbacks that are sheltered from tax by the Company's approximately $1.8 billion UK tax allowances pool Greater Stella Area ("GSA") "hub and spoke" strategy progressing to plan · GSA production hub fully operational - strong "FPF-1" uptime performance being achieved · Completion of Harrier field development activities progressing ahead of schedule - only tie-in of the Harrier infield pipeline to the existing GSA facilities remaining prior to start-up in mid-2018 · Planning underway for drilling of a potential Stella infill well in 2019 to maximise reserves recovery from the field · Vorlich development sanctioned and progressing to plan - field to be tied back to the FPF-1 with work underway to deliver start-up of production in 2020 Strategic focus on growing the business with the support of Delek Group ("Delek") · Ithaca represents a core component of Delek's strategy to grow its international E&P business - strong shareholder with ambition to expand its North Sea business using the established platform and expertise of Ithaca · Corporate strategy remains unchanged following the takeover - focus on the delivery of lower risk production and development-led growth and further expansion of the asset portfolio while maintaining a robust low-cost capital structure Les Thomas, Chief Executive Officer, commented: "We are pleased to announce a strong set of first quarter financial results, driven by solid operating performance across the portfolio. We continue to make good progress in extending the GSA production hub, with the remaining Harrier development activities running ahead of schedule and start-up of the field anticipated mid-2018. Refinancing of our debt facilities is well underway and set to deliver a material reduction in net debt, along with significantly enhanced liquidity and financial flexibility for the future."
speedsgh
09/5/2018
14:02
Senior Notes Offering - HTTPS://www.investegate.co.uk/ithaca-energy-inc/rns/senior-notes-offering/201805080700132689N/ Ithaca Energy Inc. (IAECN: ISINs US465676AA22 / USC48677AA34) ("Ithaca" or the "Company") announces that its wholly-owned subsidiary Ithaca Energy (North Sea) plc (the "Issuer") intends to offer $350 million in aggregate principal amount of senior notes due 2023 (the "Notes"). The Notes, whose net proceeds will be used (together with cash on hand) to redeem in full the Company's senior notes due 2019, repay certain existing indebtedness and to repay drawings under the Company's existing reserves based lending facility, will be senior obligations of the Issuer and will be guaranteed on a senior basis by the Company and on a senior subordinated basis by certain of the Company's subsidiaries. Interest will be payable semi-annually. The interest rate, offering price and other terms will be determined at the time of pricing of the offering, subject to market conditions.
speedsgh
09/5/2018
14:01
2017 Financial Results - HTTPS://www.investegate.co.uk/ithaca-energy-inc/rns/2017-financial-results/201803280700081541J/
speedsgh
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