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