GSA Acquisitions Completed

12 Dec

Not for Distribution to U.S. Newswire Services or for Dissemination in the United States

Ithaca Energy Limited (the “Company”) is pleased to report that it has completed the previously announced transactions to acquire all the Greater Stella Area (“GSA”) licences and associated infrastructure interests of Dyas UK Limited and Petrofac Limited. The acquisition materially increases the Company’s production and reserves base, while simultaneously delivering full control and flexibility over the long term development of the GSA production hub.

- ENDS -

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
Ben Brewerton
ben.brewerton@fticonsulting.com
+44 (0)203 727 1065

Emerson Clarke
emerson.clarke@fticonsulting.com
+44 (0)203 727 1564

About Ithaca Energy

Ithaca Energy Limited is a North Sea oil and gas operator focused on the delivery of lower risk growth through the appraisal and development of UK undeveloped discoveries and the exploitation of its existing UK producing asset portfolio. The Company 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.

GSA Acquisitions Completion