CALGARY, AB--(Marketwired - Feb 12, 2014) - Ithaca Energy Inc. (
Ithaca's share of the well cost is carried by the co-venturers that farmed into the licence, which was transferred as part of the Valiant Petroleum plc acquisition.
The Handcross licence partners are Ithaca (25%, Operator), Edison International SpA (25%), RWE Dea UK SNS Limited (20%), Sussex Energy Limited (15%) and Oyster Petroleum Limited (15%).
About Ithaca Energy
Ithaca Energy Inc. (
Forward-looking statements
Some of the statements and information in this press release are forward-looking. Forward-looking statements and forward-looking information (collectively, "forward-looking statements") are based on the Company's internal expectations, estimates, projections, assumptions and beliefs as at the date of such statements or information, including, among other things, assumptions with respect to production, drilling, construction times, well completion times, risks associated with operations, future capital expenditures, future acquisitions and cash flow. The reader is cautioned that assumptions used in the preparation of such information may prove to be incorrect. When used in this press release, 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 operational activities, drilling plans, production forecasts, budgetary figures, potential developments or otherwise, are intended to identify forward-looking statements. Such statements are not promises or guarantees, and are subject to known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking statements. The Company believes that the expectations reflected in those forward-looking statements and are reasonable but no assurance can be given that these expectations, or the assumptions underlying these expectations, will prove to be correct and such forward-looking statements and included in this press release should not be unduly relied upon. These forward-looking statements speak only as of the date of this press release. 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.
Additional information on these and other factors that could affect Ithaca's operations and financial results are included in the Company's Management's Discussion and Analysis for the year ended December 31, 2012, and the Company's Annual Information Form for the year ended December 31, 2012 and in reports which are on file with the Canadian securities regulatory authorities and may be accessed through the Company's profile on the SEDAR website (www.sedar.com).
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Contact Information:
Enquiries:
Ithaca Energy
Les Thomas
lthomas@ithacaenergy.com
+44 (0)1224 650 261
Richard Smith
rsmith@ithacaenergy.com
+44 (0)1224 652 172
FTI Consulting
Edward Westropp
edward.westropp@fticonsulting.com
+44 (0)207 269 7230
Georgia Mann
georgia.mann@fticonsulting.com
+44 (0)207 269 7212
Cenkos Securities
Neil McDonald
nmcdonald@cenkos.com
+44 (0)131 220 6939
Beth McKiernan
bmckiernan@cenkos.com
+44 (0)131 220 9778
RBC Capital Markets
Tim Chapman
tim.chapman@rbccm.com
+44 (0)207 653 4641
Matthew Coakes
matthew.coakes@rbccm.com
+44 (0)207 653 4871