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Monday, June 23, 2014

BRIEF-Ithaca Energy to purchase interests in three UK oil fields for $170 mln, (TSE: IAE.TO)

Ithaca Energy Inc : * Producing assets acquisition* Acquisition of interests in three UK producing oil fields* Has entered into an agreement with Sumitomo Corporation to acquire interests in three non-operated UK producing oil fields for a total consideration of $170 million* Incremental 2014 pro-forma production from field interests is estimated to be approximately 2,500 barrels of oil equivalent per day Source text for Eikon: Further company coverage:

Shares of IAE fell by 0.75% or $-0.02/share to $2.65. In the past year, the shares have traded as low as $1.72 and as high as $2.95. On average, 361561 shares of IAE.TO exchange hands on a given day and today's volume is recorded at 216875.