Ithaca Energy Inc Issues Q4 2012 And FY 2013 Production Guidance

Ithaca Energy Inc announced that production in the fourth quarter of 2012 benefited from strong performance by the Athena field, which continues to produce "dry" oil at a stable gross daily rate of between 10,000 and 11,000 barrels of oil per day (bopd), 2,250 to 2,475 bopd net to Ithaca. The Company's fiscal 2013 net average export production is anticipated to be in the range of 6,000 to 6,700 boepd, including approximately 1,000boepd from the Noble Assets; approximately 90%is forecast to be oil production.Approximately 80% of total net production is anticipated to be derived from the Cook, Athena and Beatrice / Jacky fields.