30th May 2013 07:00
Not for Distribution to U.S. Newswire Services or for Dissemination in the United States
Ithaca Energy Inc.
Board of Directors Appointment
30 May 2013
Ithaca Energy Inc. (TSX: IAE, LSE AIM: IAE) ("Ithaca" or the "Company") announces the appointment of Mr Jannik Lindbæk as a Non-Executive Director of the Company, subject to normal regulatory approvals.
Mr Lindbæk brings a wealth of oil and gas industry experience to the Ithaca Board of Directors. Mr Lindbæk has previously held the position of Chairman of the Norwegian international oil and gas company Statoil ASA, prior to its merger with Norsk Hydro in 2007. He has also been Chairman of Den norske Bank ASA and of Saga Petroleum ASA, adviser to the East African Development Bank, the Nordic Investment Bank and a founding member and former Chairman of Transparency International Norway (a non-governmental organisation that monitors and publicises corporate and political corruption in international development).
In relation to the appointment of Mr Lindbæk to the Board of Directors, Ithaca confirms that there is nothing further to disclose in relation to his appointment under Schedule Two, paragraph (g) of the AIM Rules for Companies, save as disclosed below:
Full Name: | Jannik Lindbæk |
Age: | 74 |
Current Directorships / Partnershipsin the last 5 years: | Gearbulk Holding EWS Foundation Wikborg Management |
Previous Directorships / Partnershipsin the last 5 Years: | Sagex Petroleum ASA Valiant Petroleum plc |
Enquiries:
Ithaca Energy:
Iain McKendrick, CEO | +44 (0) 1224 650 261 | |
Graham Forbes, CFO | +44 (0) 1224 652 151 | |
FTI Consulting: | ||
Billy Clegg | +44 (0) 207 269 7157 | |
Edward Westropp | +44 (0) 207 269 7230 | |
Georgia Mann | +44 (0) 207 269 7212 | |
Cenkos Securities plc: | ||
Jon Fitzpatrick | +44 (0) 207 397 8900 | |
Neil McDonald | +44 (0) 131 220 6939 | |
RBC Capital Markets: | ||
Tim Chapman | +44 (0) 207 653 4641 | |
Matthew Coakes | +44 (0) 207 653 4871 |
About Ithaca Energy:
Ithaca Energy Inc. (TSX: IAE, LSE AIM: IAE) is an oil and gas operator focused on North Sea production, appraisal and development activities. The Company's strategy is centred on building a highly profitable North Sea oil and gas company by maximising production and cashflow from its existing assets, the appraisal and development of existing discoveries on properties held by the Company and the delivery of additional growth via acquisitions and licence round participation.
Not for Distribution to U.S. Newswire Services or for Dissemination in the United States
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