The transaction increases Ithaca’s stakes in the Stella and Harrier fields and gives it a non-operated interest in the producing Broom field, the Calgary-based company said today in a statement.
Ithaca also said it agreed to divest a stake in the Hurricane field to Dyas U.K. Ltd. It has signed a contract letter of intent to secure a rig to drill an appraisal well at Hurricane in early 2012, the company said in a separate statement.
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