Ithaca Energy Inc (IAE)
market vs.
industry GROWTH & VALUE
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| PE Ratio (f) | 2.53 |
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| Price to Book Value | 0.90 |
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market vs.
industry QUALITY
| Year End 31st Dec | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | TTM | 2012E | 2013E | CAGR / Avg | |
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| Book Value ps | $ | +8.9% | |||||||||
FINANCIAL BRIEF: For the nine months ended 30 September 2012, Ithaca Energy Inc. revenues increased 59% to $117.9M. Net income increased from $22.5M to $48M. Revenues reflect Oil sales increase of 75% to $107.3M, Other Income increase of 45% to $3.6M. Net income benefited from Gain / (loss) on financial instruments increase from $2.2M (expense) to $6.6M (income), Stock based compensation decrease of 78% to $401K (expense). more »
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market vs.
industry RECENT HISTORY
| Latest interim period (ended 31st Mar '13) vs. prior year | ||||
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BROKER CONSENSUS & FORECAST TREND
| Recommendation: | Strong Sell | Sell | Hold | Buy | Strong Buy |
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| No. of Analysts: | 0 | 0 | 2 | 5 | 2 |
Ithaca Energy Inc. (Ithaca) is involved in the exploration, development and production of oil and gas in the North Sea. During the year ended December 31, 2010, the combined production from Beatrice and Jacky averaged 9,336 barrels of oil per day gross (4,485 barrels of oil per day net to Ithaca) as measured at the Nigg storage facility. In February 2010, the Galaxy II rig commenced drilling at the Stella appraisal well location in block 30/6a. In February 2011, it completed the drilling of a water injection well for the Athena field development. Ithaca has a wholly owned subsidiary Ithaca Energy (UK) Limited. The Beatrice Field, in which Ithaca holds a 50% interest, is operated by Ithaca. The Athena field is situated in block 14/18b in the Outer Moray Firth area of the United Kingdom's Continental Shelf. In April 2013, Ithaca Energy Holdings (UK) Ltd acquired the entire share capital of Valiant Petroleum PLC.
Directors: Iain McKendrick (CEO) , Graham Forbes (CFO) , Nicholas Muir (Other) , Mike Travis (Other) , John Woods (Other) ,
No. of Employees: 33 No. of Shareholders: n/a
| Last Annual | December 31st, 2011 |
| Last Interim | March 31st, 2013 |
| Shares in Issue | 316,905,657 |
| Free Float | 310.1m (97.9%) |
| Sector | Energy |
| Industry | Oil & Gas |
| Index | FTSE Aim All Share, FTSE Aim 100, |
| Exchange |
London Stock Exchange (AIM) |
| Eligible for | an ISA? a SIPP? |
| Address | Suite 1600 311 - 6th Avenue SW, CALGARY, T2P 3H2, Canada |
| Web | http://www.ithacaenergy.com/ |
| Phone | +1 403 6687303 |
| Contact | Lawrie H. Payne (CEO) |
| Auditors | PricewaterhouseCoopers LLP |
| 13th May | First Quarter Results |
| 13th May | Exploration Portfolio Update |
| 29th Apr | Exploration Well Result |
| 26th Apr | Holding(s) in Company |
| 22nd Apr | Consideration Shares AIM Admission |
| 12th Apr | Form 8 (DD) - Ithaca Energy Inc |
