DESCRIPTION

Ithaca Energy is a UK North Sea oil and gas operator focused on the delivery of lower risk growth through the appraisal and development of undeveloped discoveries and the exploitation of its existing producing asset portfolio. Ithaca has a solid and diversified UK producing asset base generating significant free cashflow, mainly from oil production. Current development activities are focused on the build out of the Ithaca operated production hub in the “Greater Stella Area” of the UK Central North Sea. The Company has its headquarters in Aberdeen, United Kingdom and is wholly owned by the Delek Group Ltd.