CEO Appointment

24 August

Ithaca Energy Limited (IAECN: ISINs US46567TAA25 / USG49774AA35) (“Ithaca” or the “Company”) is pleased to announce the appointment of Mr Bill Dunnett as Chief Executive Officer of the Company. Mr Dunnett is taking over the role from his predecessor Mr Les Thomas.

Mr Dunnett is a Chartered Engineer with over 35 years experience in the oil and gas industry, in various engineering, operational and senior management positions in the UK and internationally. For the last five years Mr Dunnett has been the Chief Executive Officer of Repsol-Sinopec Resources UK Limited, during which time he successfully led a large-scale transformation of the business. Prior to this, he worked in various positions at Petrofac, Halliburton, Mobil North Sea and Shell. Mr Dunnett has served as Chair of the MER UK Technology Leadership Board and been a Board Member of both OGUK and The Oil and Gas Technology Centre.

H1-2020 Financial Results
The Company notes that its financial results for the six months ended 30 June 2020 will be issued on 27 August 2020. A conference call and webcast for bondholders will be held at 12.00 British Summer Time (07.00 Eastern Daylight Time) on the same day, with details on how to join the call provided in the press release that is issued with the financial results. A playback of the call will be made available on the Company’s website later that day.

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Enquiries:

Ithaca Energy
Graham Forbes
gforbes@ithacaenergy.com
+44 (0)1224 652 151

Richard Smith
rsmith@ithacaenergy.com
+44 (0)1224 652 172

FTI Consulting (Media Enquiries)
Ben Brewerton
ithaca@fticonsulting.com
+44 (0)203 727 1000

Sara Powell
ithaca@fticonsulting.com
+44 (0)203 727 1000

About Ithaca Energy

Ithaca Energy is an independent oil and gas company with production, development and exploration operations focused on the UK North Sea. The Company was founded in 2004 and has grown through a combination of acquisitions and new field developments. Our strategy is focused on establishing the company as a leading North Sea operator, delivering sustainable growth in free cash flow generation, underpinned by operational excellence and financial discipline.

Ithaca Energy is a wholly owned subsidiary of the Tel Aviv stock exchange listed Delek Group Limited (TASE: DLEKG, US ADR: DGRLY), Israel’s leading integrated energy company. For further information please consult the Company’s website www.ithacaenergy.com.

CEO Appointment