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Message: Athena progressing on schedule

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AndyK

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Athena progressing on schedule

posted on Jan 12, 11 10:58AM (Log in to use the IP Check tool) ^[?]

Ithaca has announced that the Athena field development is on target and will be producing from 4 wells in Q4 of this year. 22,500 bpd is the expected rate, with around 5000 net to Ithaca (22.5% interest).

They are drilling a new well and finishing off 3 other exploration wells. They are also drilling a water injection well.

This should boost the SP to 4 bucks when they are in production, could be more, depends on the price per barrel at the time.

Ithaca is back on track.

Andy

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