Ithaca Energy was back in the black in the first quarter of 2021, as the North Sea oil firm shook off the ill effects last year’s hefty impairments.
The Aberdeen-headquartered company is also pressing ahead with two key projects and has been dishing out contracts, with more to follow.
In addition, Ithaca’s chief financial officer David Crawford said the firm was looking at options for refinancing its reserve-based lending (RBL) facility and was “quite far down the line” on making an acquisition.
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