Executive Summary
Ithaca Energy (LON:IAE) is an oil and gas exploration and development company based in Canada. Listed on the AIM of the London Stock Exchange, and the Toronto Stock Exchange, It has operations within the North Sea Continental Shelf. Ithaca's strategy is to exploit the mature North Sea oil and gas opportunities that other companies no longer deem attractive enough to develop. Its focus is on projects that provide early production and cashflow. In 2009, the company earned revenue of $39.68m and a profit before tax of $22.11m.
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