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Ithaca Energy Inc.

10:08 AM EST - Ithaca Energy Inc. : announces its financial results for 2011 and the Company's independently evaluated reserves as of the same date. Highlights include: Record Cashflow from Operating activities of $103.5 million U.S. (2010: $88.9 million U.S). Profit before tax was $37.1 million U.S. (2010 Reported: $38.0 million U.S., IFRS adjusted $58 Million U.S.) Major capital investment was over $205 million, including acquisitions. Ithaca Energy Inc. shares T.IAE are trading up $0.05 at $3.10.