Last C$2.50 CAD
Change Today 0.00 / 0.00%
Volume 165.3K
IAE On Other Exchanges
As of 3:39 PM 07/22/14 All times are local (Market data is delayed by at least 15 minutes).

ithaca energy inc (IAE) Snapshot

Previous Close
Day High
Day Low
52 Week High
03/5/14 - C$2.95
52 Week Low
08/20/13 - C$1.72
Market Cap
Average Volume 10 Days
Shares Outstanding
Dividend Yield
Current Stock Chart for ITHACA ENERGY INC (IAE)

Related News

No related news articles were found.

ithaca energy inc (IAE) Related Businessweek News

No Related Businessweek News Found

ithaca energy inc (IAE) Details

Ithaca Energy Inc. explores for, develops, and produces oil and gas in the North Sea. Its principal projects are located in the Northern, Central, and Sothern North Sea; and Moray Firth areas of the United Kingdom Continental Shelf. As of December 31, 2013, the company had proved and probable reserves of 58 million barrels of oil equivalent. Ithaca Energy Inc. was incorporated in 2004 and is headquartered in Aberdeen, the United Kingdom.

50 Employees
Last Reported Date: 03/31/14
Founded in 2004

ithaca energy inc (IAE) Top Compensated Officers

Chief Executive Officer, President and Non-In...
Total Annual Compensation: C$100.7K
Chief Financial Officer
Total Annual Compensation: C$391.7K
Chief Production Officer
Total Annual Compensation: C$351.5K
Chief Technical Officer
Total Annual Compensation: C$327.9K
Chief Developments Officer
Total Annual Compensation: C$338.4K
Compensation as of Fiscal Year 2013.

ithaca energy inc (IAE) Key Developments

Ithaca Energy Inc. Reports Production Results for the Second Quarter of 2014

Ithaca Energy Inc. reported production results for the second quarter of 2014. For the quarter, average pro-forma production was approximately 14,400 barrels of oil equivalent per day, 94% oil, including the contribution from the assets being acquired from Sumitomo Corporation. Production excluding the Summit Assets was approximately 11,900 boepd, in line with the 2014 guidance range of 11,000 to 13,000 boepd for the company's existing assets. Production for the Summit Assets was calculated to be approximately 2,500 boepd, based on available operator data, in line with the forecast 2014 pro-forma production guidance for the acquired assets.

Ithaca Energy Inc. Announces Closing of $300 Million Senior Notes Offering

Ithaca Energy Inc. announced that it has completed its offering of $300 million aggregate principal amount of 8.125% senior unsecured notes due 2019 at par. The Notes and the guarantees thereof have not been registered under the United States Securities Act of 1933, as amended, or applicable state securities laws. Accordingly, the Notes will be offered only to qualified institutional buyers and to persons outside the United States in reliance on Rule 144A and Regulation S under the Securities Act, respectively. Unless so registered, the Notes may not be offered or sold in the United States except pursuant to an exemption from the registration requirements of the Securities Act and applicable state securities laws.

Ithaca Energy Inc. Announces Pricing of $300 Million Senior Notes Offering

Ithaca Energy Inc. announced that it has priced its offering of $300 million aggregate principal amount of 8.125% senior unsecured notes due 2019 at par. Interest will be payable semi-annually. The offering is expected to complete on or about 3 July 2014, subject to customary conditions precedent for similar transactions. The Notes, the net proceeds of which will be used to partially repay (without cancelling) the Company's senior secured reserves based lending (RBL) facility, will be senior obligations of the Company and will rank pari passu with all present and future senior unsecured indebtedness of the Company.  Following the Notes offering, the company intends to draw amounts under the RBL facility to finance the recently announced acquisition of Summit Petroleum Limited, which is expected to close, subject to regulatory approvals and customary closing conditions, during the third quarter of 2014. The guarantees of the Notes by certain subsidiaries of the company will be subordinated to the obligations of the guarantors under the company's RBL facility and corporate facility.


Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup
Recently Viewed
IAE:CN C$2.50 CAD 0.00

IAE Competitors

Market data is delayed at least 15 minutes.

Company Last Change
BlackPearl Resources Inc C$2.17 CAD -0.02
Exillon Energy PLC 152.00 GBp -1.25
Salamander Energy PLC 114.00 GBp -5.50
TransGlobe Energy Corp C$7.18 CAD +0.09
View Industry Companies

Industry Analysis


Industry Average

Valuation IAE Industry Range
Price/Earnings 4.8x
Price/Sales 1.7x
Price/Book 0.9x
Price/Cash Flow 3.3x
TEV/Sales 0.3x

Sponsored Financial Commentaries

Sponsored Links

Report Data Issue

To contact ITHACA ENERGY INC, please visit Company data is provided by Capital IQ. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at