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Ithaca Energy Inc
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Post Fund Raising & Acquisition Update
| Lawrence H. Payne | Page 4 of 11 |
April 19, 2024
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Aug u s t 2010 4 Building the Future through recent success Increased net 2P reserves } 15.0 mmboe at July 2009 to 41.96 mmboe at April 2010 (exclu ding ac quired gas basin assets) Derisked the Stella area through successful apprais a l Increasing pro d uction from B eatrice compl e x through Q2 2010 (Work o v e r Campaign) Completed senior deb t facil i t y o f $140M with BOS Maiden pos t tax prof it (2009) o f $7.9M Stron g first quarter 2010 results $5.4M net pro f it Raised $150M equity funds Acquired producing assets in North Sea Gas Basin Positioned for growth in challenging environment