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Ithaca Energy Inc | Post Fund Raising & Acquisition Update | Lawrence H. Payne | Page 5 of 11 | April 18, 2024

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toolButton prevButton nextButton prevKeyButton nextKeyButton prevKeyButton nextKeyButton byDateAscButton byDateDescButton byCompanyNameAscButton byCompanyNameDescButton hidden hidden		Document: "Post Fund Raising & Acquisition Update" View Full Document		× Search Selection Search by Text Search Search by Slide Search Cross reference your docFinder results against PLS' extensive news archives. For demo or training contact Melwyn Oommen, melwyn.oommen@drillinginfo.com
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Aug u s t 2010 5 Forecast Fully Funded Path to Production Increase � Fully funded to realise significant production by 2013 � Stella & Harrier to commence production together & Hurricane brought forward � Incremental projects on Beatrice arrest decline Athena( S pr ou l e : Apr i l 2010) St ella * ( S pr ou l e : Apr i l 2010* ) J a cky ( S pr ou l e : D e cember 2009) Bea t r i c e ( S pr ou l e : D e cember 2009 adjusted f o r 2010 pr oducti o n) Car n a ( S pr ou l e : Apr i l 2010) Hurric a n e (S p r o u le : A p ri l 2 0 1 0 ) ( A ss u m e d fa r m d o wn to 50. 33%) Harri er* ( S pr ou l e : Apr i l 2010* ) Bea t r i c e Inc r ement a l ( Ithaca Inter nal) * Productio n e s tim a t e s for St el l a & H a rrier ass u m e t h at C M I t r an s a ct i o n c o m p le te s ** Production es tima te s for A n g l i a & Topaz ass u m e a v e r a g e annua l p r o d u c t i on s t a r t i ng 1/1/2010 I t h a c a productio n r e portin g wi ll c o mme nc e on compl e tio n Estimated Net Daily Production (‘000 boepd) Average 23.1k boepd Average 12.2k boepd 0 5 10 15 20 25 2010 2011 2012 2013 Ang l ia and Topaz ** SN S Pr oducti o n ( G D F Acq u i s i t i o n) based on I t haca management es ti mate s Average 6.4k boepd