Exploration & Production | Operational Updates | Production Rates | Capital Markets | Capital Expenditure
Ithaca Energy Lowers Capex 60%
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Ithaca Energy Inc. has provided an operational update and guidance on the outlook for the year ahead.
Average pro-forma production in 2014 was approximately 12,300 barrels of oil equivalent per day (boepd), 95% oil Base production in 2015, excluding any contribution associated with start-up of the Stella field during the year, is anticipated to be approximately 12,000 boepd, approximately 95% oil First hydrocarbons anticipated from the Greater Stella Area (GSA) in the third quarter of 2015, delivering an approximately 16,000 boepd step change in production for the Company 2015 capital expenditure is anticipated to total approximately $150 million, reflecting the advanced status of the GSA investment programme and reduced production enhancement expenditure 6,300 barrels of oil per day…Finish this article — free account or subscription
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