CALGARY, AB--(Marketwired - Aug 1, 2014) - Ithaca Energy Inc. (
Not for Distribution to U.S. Newswire Services or for Dissemination in the United States
Ithaca Energy Inc.
Completion of Acquisition of Interests in three UK Producing Oil Fields
1 August 2014
Ithaca Energy Inc. (
Ithaca has acquired Summit Petroleum Limited ("SPL"), a subsidiary company of Sumitomo, which holds the Cook (20.00%), Pierce (7.48%) and Wytch Farm (7.43%) field interests that have been acquired. The net consideration paid at completion was $163 million, taking into account working capital and net cashflows since the transaction effective date of 1 January 2014.
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About Ithaca Energy
Ithaca Energy Inc. (
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