• Connect with us
    • Information
      • About Us
      • Contact Us
      • Careers
      • Partnerships
      • Advertise With Us
      • Authors
      • Browse Topics
      • Events
      • Disclaimer
      • Privacy Policy
    • Australia
      North America
      World
    Login
    Investing News NetworkYour trusted source for investing success
    • North America
      Australia
      World
    • My INN
    Videos
    Companies
    Press Releases
    Private Placements
    SUBSCRIBE
    • Reports & Guides
      • Market Outlook Reports
      • Investing Guides
    • Button
    Resource
    • Precious Metals
    • Battery Metals
    • Base Metals
    • Energy
    • Critical Metals
    Tech
    Life Science
    Resource Market
    Resource News
    Resource Stocks
    • Resource Market
    • Resource News
    • Resource Stocks

    Ithaca Provides Positive Update on Athena Field Operations and Production

    Charlotte McLeod
    Sep. 14, 2012 04:03PM PST
    Resource Investing News

    Ithaca Energy Inc. (TSX:IAE,LSE:IAE) provided an update on operations and production at its Athena field, commenting that gross production from the P1 well has increased slightly and is now at about 700 to 800 barrels of oil per day.

    Ithaca Energy Inc. (TSX:IAE,LSE:IAE) provided an update on operations and production at its Athena field, commenting that gross production from the P1 well has increased slightly and is now at about 700 to 800 barrels of oil per day.

    As quoted in the press release:

    The production data that has so far been obtained from the field indicates that the anticipated sweep of oil within the reservoir is likely to result in the reserves attributed to P1 being fully produced by the well in its current production condition, supported by recovery from the other wells on the field. The P1 well is the original appraisal well that was drilled on the field in 2006 (completed as a development well in 2011) and represents the least significant producer in terms of forecast ultimate oil recovery from the field.

    Click here to read the full Ithaca Energy Inc. (TSX:IAE,LSE:IAE) press release. 

    The Conversation (0)

    Go Deeper

    AI Powered
    5 Movies About Energy You Need to Watch

    5 Movies About Energy You Need to Watch

    Lithium Investing

    Lithium-ion Bull: KISS

    Latest News

    Outlook Reports

    Resource
    • Precious Metals
      • Gold
      • Silver
    • Battery Metals
      • Lithium
      • Cobalt
      • Graphite
    • Energy
      • Uranium
      • Oil and Gas
    • Base Metals
      • Copper
      • Nickel
      • Zinc
    • Critical Metals
      • Rare Earths
    • Industrial Metals
    • Agriculture
    Tech
      • Artificial Intelligence
      • Cybersecurity
      • Gaming
      • Cleantech
      • Emerging Tech
    Life Science
      • Biotech
      • Cannabis
      • Psychedelics
      • Pharmaceuticals

    Featured Stocks

    More featured stocks

    Browse Companies

    Resource
    • Precious Metals
    • Battery Metals
    • Energy
    • Base Metals
    • Critical Metals
    Tech
    Life Science
    MARKETS
    COMMODITIES
    CURRENCIES
    ×