Energy SpA — M&A Activity 2022

Jul 4, 2022

National Storage Mechanism | Additional information

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."

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Enquiries:

FTI Consulting - for all media enquiries

Ben Brewerton                                                                     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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