Business Combination

The Combination further enhances Ithaca Energy’s position as a dynamic, leading UKCS production and growth company focused on accelerating growth opportunities and future value creation. Following the Combination, Ithaca Energy is now positioned as one of the largest resource holder in the UK North Sea with a diversified portfolio of production and development opportunities, that has the ability to underpin material long-term organic growth, delivering the oil and gas essential for energy security while supporting the UK’s decarbonisation targets. With significant optionality across the portfolio, a strong track record in delivering value-accretive M&A and material financial firepower, the Combined Group will continue to be value-driven, focusing on high-grading investment across its range of organic and inorganic growth opportunities to maximise sustainable shareholder value.