Ithaca Energy Plc traded at 243.40 this Friday August 14th, increasing 6.00 or 2.53 percent since the previous trading session. Looking back, over the last four weeks, Ithaca Energy gained 5.83 percent. Over the last 12 months, its price rose by 36.59 percent. Looking ahead, we forecast Ithaca Energy Plc to be priced at 238.80 by the end of this quarter and at 225.51 in one year, according to Trading Economics global macro models projections and analysts expectations.
Ithaca Energy plc is an independent oil and gas operator in the United Kingdom Continental Shelf (UKCS). The Company is operating a single class of business being oil and gas exploration, development and production and related activities in the region of North Sea. It has built a diverse portfolio of operated and non-operated assets across the Northern & Central North Sea and West of Shetland. Its operated assets are located in the Northern and Central North Sea, West of Shetland and Moray Firth areas of the United Kingdom Continental Shelf. Its operated assets include Greater Stella Area, Alder, Captain, Cook, and Erskine. Its non-operated assets include Britannia and Satellites, Brodgar, Callanish, Dons, Enochdhu, Rosebank, and others. The Greater Stella Area is located in the heart of the Central Graben area of the Central North Sea, on the UK Continental Shelf. The Company has a portfolio of over 37 producing UKCS fields and 10 operated producing fields.