Ithaca Energy plc is a British oil and gas company operating in the

North Sea The North Sea lies between Great Britain, Norway, Denmark, Germany, the Netherlands and Belgium. An epeiric sea on the European continental shelf, it connects to the Atlantic Ocean through the English Channel in the south and the Norwegian S ...

. It is listed on the

London Stock Exchange London Stock Exchange (LSE) is a stock exchange in the City of London, England, United Kingdom. , the total market value of all companies trading on LSE was £3.9 trillion. Its current premises are situated in Paternoster Square close to St Pau ...

and is a constituent of the

FTSE 250 Index The FTSE 250 Index ( "Footsie") is a capitalisation-weighted index consisting of the 101st to the 350th largest companies listed on the London Stock Exchange. Promotions and demotions to and from the index occur quarterly in March, June, Septemb ...

History

The company was established in Canada in 2004 and moved to the UK when it took over operations in the Beatrice oil field in 2008. In December 2010, Ithaca Energy became operator of the

Anglia gas field The Anglia gas field, is a natural gas field in the United Kingdom's continental shelf of the Southern North Sea. It is located in blocks 48/18 and 48/19 about 60 km (37 mi) east of the Lincolnshire coast. The reservoir is located at a ...

by acquiring 30% stake in the field from GDF Suez E&P UK. It traded on the

Alternative Investment Market AIM (formerly the Alternative Investment Market) is a sub-market of the London Stock Exchange that was launched on 19 June 1995 as a replacement to the previous Unlisted Securities Market (USM) that had been in operation since 1980. It allows ...

until it was acquired by an Israeli-based company,

Delek Group Delek Group is an Israeli conglomerate and one of Israel's largest companies, Delek Group is involved in the energy and infrastructure, with investments in upstream and downstream energy, water desalination and power plants. Delek Group' subsidi ...

, in 2017. The company acquired Siccar Point Energy for $1.5 billion, giving it stakes in the

Rosebank oil and gas field The Rosebank oil and gas field lies west of Shetland. It is operated by Equinor; Suncor and Siccar Point Energy. The discovery well was drilled in 2004. A final investment decision for Rosebank is planned to be taken by May 2022. In 2022, Siccar P ...

and the

Cambo oil field Cambo oil field is a prospective oil and gas field in the North Sea, north west of the Shetland Islands, Scotland. The field is in a deep section of the water, some below the sea level. Development of the field has led to criticism from some ...

, in July 2022. The company was the subject of an

initial public offering An initial public offering (IPO) or stock launch is a public offering in which shares of a company are sold to institutional investors and usually also to retail (individual) investors. An IPO is typically underwritten by one or more investment ...

on the

in November 2022.

Notes

Operations

The company has a 20% stake in the non-operating

and 70% stake in the operating

References

External links

* {{FTSE 250 Index constituents Companies listed on the London Stock Exchange Companies established in 2004