09:54 AM EST - Ithaca Energy Inc. : announced that the Commercial Court of the High Court of Justice has handed down judgment in favour of Ithaca in respect of the Jacky J03 well proceedings raised against North Sea Energy (U.K.) Limited. The Court has confirmed Ithaca's position in concluding that the Jacky J03 well was drilled as a "Joint Operation" under the joint operating agreement. Accordingly, NSE remains obliged to contribute to the Jacky J03 well costs in accordance with its field equity (10%). Ithaca Energy Inc.
shares T.IAE are trading down $0.02 at $1.73.
