Ithaca Energy Inc Announces Execution of Farm-Out Transaction with Royal Dutch Shell PLC's Shell UK Limited
Ithaca Energy Inc announced the execution of a farm-out transaction with Royal Dutch Shell PLC's Shell UK Limited (Shell) in respect of the UK exploration assets acquired pursuant to the acquisition of Valiant Petroleum plc (Valiant), completed on April 19, 2013 (the Acquisition). The Company has now reduced its exposure to all remaining firm UK exploration well expenditure commitments transferred as part of the Acquisition.
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