ABERDEEN, SCOTLAND--(Marketwire - Nov 5, 2012) -


For filings with the FSA include the annex

For filings with issuer exclude the annex


1. Identity of the issuer or the underlying issuer   Ithaca Energy Inc
of existing shares to which voting rights are
attached: ii

2 Reason for the notification (please tick the appropriate box or

An acquisition or disposal of voting rights                   X

An acquisition or disposal of qualifying financial
instruments which may result in the acquisition of shares
already issued to which voting rights are attached

An acquisition or disposal of instruments with similar
economic effect to qualifying financial instruments

An event changing the breakdown of voting rights

Other (please specify):

3. Full name of person(s) subject to the            BlackRock, Inc.
notification obligation: iii

4. Full name of shareholder(s)
(if different from 3.):iv

5. Date of the transaction and date on              1st November 2012
which the threshold is crossed or
reached: v
6. Date on which issuer notified:                   2nd November 2012

7. Threshold(s) that is/are crossed or              Holding has
reached: vi, vii                                    gone above

8. Notified details:

A: Voting rights attached to shares viii, ix

Class/type of  Situation        Resulting situation after the
shares         previous         transaction
               to the

if possible    Number  Number   Number Number           % of voting
using          of      of       of     of voting        rights x
the ISIN CODE  Shares  Voting   shares rights
                       Rights   Direct Direct Indirect   Direct Indirect
                                       xi     xii
GB00B04V1276   N/A     N/A      N/A    N/A    13,244,044 N/A    5.10%

B: Qualifying Financial Instruments

Resulting situation after the triggering transaction

Type of       Expiration Exercise/    Number of voting     % of voting
financial     date xiii  Conversion   rights that may be   rights
instrument               Period xiv   acquired if the
                                      instrument is

C: Financial Instruments with similar economic effect to Qualifying
Financial Instruments xv, xvi

Resulting situation after the triggering transaction

Type of    Exercise Expiration Exercise/  Number      % of  voting
financial  price    date xvii  Conversion of voting   rights
instrument                     period     rights      xix, xx
                               xviii      instrument
                                          refers to
                                                       Nominal Delta

Total (A+B+C)

Number of voting rights                   Percentage of voting rights

13,244,044                                5.10%

9. Chain of controlled undertakings through which the voting rights and
/or the financial instruments are effectively held, if applicable: xxi

BlackRock Investment Management (UK) Limited - 13,244,044 (5.10%)

Proxy Voting:

10. Name of the proxy holder:

11. Number of voting rights proxy holder will cease
to hold:

12. Date on which proxy holder will cease to hold
voting rights:

13. Additional information:   BlackRock Regulatory Threshold Reporting

14. Contact name:             Wayne Powell

15. Contact telephone number: 020 7743 2216;  wayne.powell@blackrock.com 

Note: Annex should only be submitted to the FSA not the issuer

Annex: Notification of major interests in sharesxxii

A: Identity of the persons or legal entity subject to the notification

Full name
(including legal form of legal entities)     BlackRock, Inc.

Contact address                              12 Throgmorton Avenue,
(registered office for legal entities)       London, EC2N 2DL

Phone number & email                         020 7743 2216;

Other useful information
(at least legal representative for legal     Wayne Powell

B: Identity of the notifier, if applicable

Full name

Contact address

Phone number & email

Other useful information
(e.g. functional relationship with the
person or legal entity subject to the
notification obligation)

C: Additional information

For notes on how to complete form TR-1 please see the FSA website.

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