RCS - Ithaca Energy Inc - Completion of Acquisition of Siccar Point Energy

FTI ConsultingAnnouncement

04/07/2022 08:15

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RNS Number : 1174R  Ithaca Energy Inc  04 July 2022

Monday 4 July 2022

 

 

Ithaca Energy Limited

 

Completion of Acquisition of Siccar Point Energy

 

Ithaca Energy is pleased to announce that its acquisition of Siccar Point
Energy, announced on 7 April 2022, has completed with all conditions having
been met.  The acquisition positions Ithaca as one of the leading E&P
operators in the UK North Sea with four of the basin's largest producing
fields and some of its largest development projects.

 

Gilad Myerson, Executive Chairman of Ithaca Energy, commented:

 

"Completion of the acquisition of Siccar Point marks a key milestone in
establishing Ithaca as a leading UK North Sea E&P company with significant
production, material growth potential, and a long-life cycle portfolio.  We
are excited about the future and welcome our new colleagues from Siccar
Point."

 

- end -

Enquiries:

 

FTI Consulting - for all media enquiries

 

Ben Brewerton
 
ithaca@fticonsulting.com (mailto:ithaca@fticonsulting.com)

Nick
Hennis

 

 

About Ithaca Energy

 

Ithaca's strategy is centred on building a highly profitable, leading North
Sea oil and gas company.  The Company is an experienced North Sea operator
focused on the delivery of lower risk growth through the appraisal and
development of UK undeveloped discoveries and the exploitation of its UK
producing asset portfolio.  The Company was founded in 2004 and has grown
through the execution of both new field development activities and
acquisitions.

 

 

 

 

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