Web 2.0 Authors: Elizabeth White, Yeshim Deniz, Liz McMillan, Imran Akbar, Roger Strukhoff

News Feed Item

Third Quarter 2012 Financial Results

ABERDEEN, SCOTLAND -- (Marketwire) -- 11/12/12 --


Not for Distribution to U.S. Newswire Services or for Dissemination in
                          the United States

                          Ithaca Energy Inc.

                 Third Quarter 2012 Financial Results

Ithaca Energy Inc. (TSX: IAE, LSE AIM: IAE) announces its quarterly
financial results for the three months ended September 30, 2012.



* Q3 profit before tax and unrealised gains/losses on financial
  instruments of $14.9 million (Q3 2011: $15.6 million) representing an
  increase of $10.5 million on Q2 2012 (Q2 2012: $4.4 million)

* Q3 net earnings of $4.9 million including $12.9 million
  unrealised loss from financial instruments (Q3 2011: $16.0 million)
  resulting in earnings per share of $0.02 (Q3 2011: $0.06)

* Q3 cashflow from operations of $30.1 million (Q3 2011: $18.1
  million). Q3 cashflow per share of $0.12 (Q3 2011: $0.07)

* Q3 average realised oil price of $110.26 / bbl (Q3 2011: $111.24
  / bbl) plus an additional realized hedging gain of $2.56 / bbl in the

* Cash of $77.4 million, inclusive of $20.6 million restricted
  cash, with senior debt facility remaining undrawn

* UK tax allowances pool of $387 million representing an increase
  of $39 million on Q2 2012 (Q2 2012: $348 million)

Click on, or paste the following link into your web browser, to view
the associated PDF document.


                    This information is provided by RNS
          The company news service from the London Stock Exchange


Email Contact

More Stories By Marketwired .

Copyright © 2009 Marketwired. All rights reserved. All the news releases provided by Marketwired are copyrighted. Any forms of copying other than an individual user's personal reference without express written permission is prohibited. Further distribution of these materials is strictly forbidden, including but not limited to, posting, emailing, faxing, archiving in a public database, redistributing via a computer network or in a printed form.