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Last C$0.74 CAD
Change Today +0.05 / 7.25%
Volume 2.6M
IAE On Other Exchanges
Symbol
Exchange
Berlin
London
Toronto
OTC US
As of 4:00 PM 08/28/15 All times are local (Market data is delayed by at least 15 minutes).

ithaca energy inc (IAE) Snapshot

Open
C$0.71
Previous Close
C$0.74
Day High
C$0.74
Day Low
C$0.68
52 Week High
09/2/14 - C$2.47
52 Week Low
03/18/15 - C$0.49
Market Cap
243.8M
Average Volume 10 Days
758.2K
EPS TTM
C$0.65
Shares Outstanding
329.5M
EX-Date
--
P/E TM
0.9x
Dividend
--
Dividend Yield
--
Current Stock Chart for ITHACA ENERGY INC (IAE)

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ithaca energy inc (IAE) Details

Ithaca Energy Inc., together with its subsidiaries, engages in the exploration, development, and production of oil and gas in the North Sea. Its principal properties are located in the Northern, Central, and Sothern North Sea, as well as Moray Firth areas of the United Kingdom Continental Shelf; and Southern England. The company also has a portfolio of 14 licenses in the North Sea area of the Norwegian Continental Shelf. As of December 31, 2014, the company had proved and probable reserves of 70 million barrels of oil equivalent. Ithaca Energy Inc. was founded in 2004 and is headquartered in Aberdeen, the United Kingdom.

56 Employees
Last Reported Date: 03/31/15
Founded in 2004

ithaca energy inc (IAE) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: C$509.3K
Chief Financial Officer
Total Annual Compensation: C$464.3K
Chief Technical Officer
Total Annual Compensation: C$361.9K
Compensation as of Fiscal Year 2014.

ithaca energy inc (IAE) Key Developments

Ithaca Energy Inc. Reports Unaudited Consolidated Earnings Results and Operating Results for the Second Quarter and Six Months Ended June 30, 2015; Reaffirms Production Guidance for Fiscal 2015

Ithaca Energy Inc. reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2015. Revenue decreased by $40.7 million in second quarter 2015 to $59.2 million against $99.9 million a year ago. This 41% reduction was driven by a decrease of $47/bbl or 43% in the pre-hedging realised oil price, partly offset by a modest increase in underlying sales volumes. The company reported loss before tax of $26,826,000, profit after tax of $39,888,000 or $0.12 per basic and diluted share against loss before tax of $7,071,000, profit after tax of $659,000 or $0.00 per basic and diluted share a year ago. Net cash from operating activities was $44,849,000 against $44,877,000 a year ago. Capital expenditure was $57,700,000 against $106,020,000 a year ago. Revenue decreased by $70.1 million in first half 2015 to $129.5 million against $199.6 million in first half of 2014. This 35% reduction was driven by a decrease of $49/bbl or 45% in the pre-hedging realised oil price, partly offset by a 30% increase in underlying sales volumes. The company reported loss before tax of $18,395,000, profit after tax of $13,808,000 or $0.04 per basic and diluted share against loss before tax of $2,511,000, profit after tax of $17,025,000 or $0.05 per basic and diluted share a year ago. Net cash from operating activities was $110,698,000 against $123,978,000 a year ago. Capital expenditure was $117,946,000 against $234,725,000 a year ago. Net debt at 30 June 2015 was $788 million out of total debt funding facilities of $950 million.  For the second quarter, the company reported production of 12.7 kboe/d, average realised oil price of $62/bbl against production of 11.8 kboe/d, average realised oil price of $109/bbl a year ago. For the six months, the company reported production of 12.6 kboe/d, average realised oil price of $60/bbl against production of 10.5 kboe/d, average realised oil price of $109/bbl a year ago. Full year 2015 production guidance remains unchanged at 12,000 boepd (95% oil).

Ithaca Energy Inc. Announces Production Results for the Second Quarter and Six Months of 2015; Provides Production Results for the Third Quarter and Reiterates Production Guidance for the Full Year of 2015

Ithaca Energy Inc. announced production results for the second quarter and six months of 2015. For the quarter, the company announced average production of 12,667 barrels of oil equivalent per day. For the six months, the company announced average production of 12,578 boepd. For the full year of 2015, the company reiterated production guidance at 12,000 boepd (95% oil), taking into account planned maintenance shutdown activities in the second half of the year. For the third quarter of 2015, production will be below the average guidance level for the year as a result of planned maintenance shutdown activities on the host facilities serving a number of the company's fields.

Ithaca Energy Inc., Q2 2015 Earnings Call, Aug 13, 2015

Ithaca Energy Inc., Q2 2015 Earnings Call, Aug 13, 2015

 

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Price/Sales 0.6x
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Price/Cash Flow 0.3x
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