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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 00:00:00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Oil & Gas Producers 116.4 -67.7 -10.5 - 471.06

Ithaca Energy Share Discussion Threads

Showing 21376 to 21400 of 21400 messages
Chat Pages: 856  855  854  853  852  851  850  849  848  847  846  845  Older
DateSubjectAuthorDiscuss
24/8/2018
22:57
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
11:10
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
10:39
A similar scenario is now playing out at FPM but with a stronger BoD!
bountyhunter
09/5/2018
15:17
if only the BoD hadn't caved in I think the share price would now be significantly higher!
bountyhunter
09/5/2018
13:04
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
13:02
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
13:01
2017 Financial Results - HTTPS://www.investegate.co.uk/ithaca-energy-inc/rns/2017-financial-results/201803280700081541J/
speedsgh
10/4/2018
19:33
Well spotted Rich, for me at least FPM has provided some compensation for the game-over stitch-up here!
bountyhunter
10/4/2018
19:05
With stella online, the Saudis looking $80 oil and vorlich going to development with a major, I wonder what the share price would have been! :-(
rich73
10/4/2018
19:03
More proof of the stitch. Dalex developing the IAE pipeline of assets with BP at Vorlich. BP to drill 2 new North Sea fields By Ian Walker Published: Apr 10, 2018 8:01 a.m. ET BP PLC (BP.LN) said Tuesday that it will drill two new North Sea developments which are expected to come on stream in 2020, and to have peak production of 30,000 barrels of oil equivalent per day gross. The oil major said Alligin and Vorlich are satellite fields located near to existing infrastructure, meaning they can be quickly developed through established offshore hubs. BP has a 50% interest in Alligin and is operator while Royal Dutch Shell PLC RDSB has the other 50%. BP is also operator of Vorlich with a 66% interest, while Ithaca Energy has the remaining share. Write to Ian Walker at ian.walker@wsj.com; @IanWalk40289749
rich73
04/4/2018
19:34
Really glad to see the back of Delek as far as my investments are concerned, FPM up 12% today on their exit :~) Interesting news from the purchasers of Delek FPM stock throughout today and later the response from FPM: Http://uk.advfn.com/stock-market/london/faroe-petroleum-FPM/share-news/Faroe-Petroleum-PLC-Response-to-DNO-Announcements/77106519
bountyhunter
04/4/2018
10:47
They presumably have their eyes on a bigger prize than Faroe.
farmscan
04/4/2018
10:44
So it will be interesting to see where Delek are of to now.
farmscan
04/4/2018
09:41
Delek holding bought out from FPM today.
bountyhunter
03/4/2018
11:06
Certainly stitched up yes; looking for some compensation with FPM! ;~)
bountyhunter
31/3/2018
08:28
I'm sure there must be many Ithaca holders who felt stitched up by the Delek deal (having held through thick and thin), and as a consequence, would not touch anything that Delek have a strong foothold in.
farmscan
30/3/2018
21:41
Http://www.heraldscotland.com/business_hq/16124390.North_Sea_expansion_on_cards_for_Israeli_oil_and_gas_firm/
bountyhunter
15/6/2017
21:20
lets hope that the BoD don't roll over there like they did here or we could be looking at another stupid offer with just an 11% premium!
bountyhunter
15/6/2017
19:45
Today, Delek upped their stake in FPM...bought another 7m surely a takeover ala IAE
mirabeau
25/5/2017
13:48
if held in a nominee account then contact your broker; if you hold certificates then contact the registrar: Http://www.ithacaenergy.com/investor-relations/shareholder-information I'm not aware of any specific timetable for payment.
bountyhunter
25/5/2017
11:04
any idea when ordinary share-holders will receive payment for these shares ? Is there a time-table leading to payment ?
grumps
24/5/2017
04:47
i3 Energy PLC floats this Friday, headed by ex-IAE's Neill Carson. Raising around $50m they are buying the Liberator field (i think from Dana)..targetting around 7300 bodp early 2018
mirabeau
18/5/2017
16:13
chased them up again and finally received my payment at just under £1.10/shr today; would have got a bit more if I hadn't tendered them at all and sold on the open market a couple of days ago! http://uk.advfn.com/p.php?pid=trades&;btn=trades&symbol=LSE%3AIAE&montage=1&dt_select=1494918000&the_datepicker=17%2F05%2F2017&trade_set=recent (or much earlier before anyone puts on their rose tinted ... ;-)
bountyhunter
17/5/2017
17:49
Thanks both, looks like my broker will need chasing up further to follow up, although if you got your cash yesterday may be imminent now.
bountyhunter
17/5/2017
16:48
BH- Got my cash yesterday with TD direct.. I held out but accepted in extended period
glitter2
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