09:54 AM EST - Ithaca Energy Inc. : announced that the Storbarden exploration well on PL 506S in Norway has not encountered hydrocarbons and the well is to be plugged and abandoned.The costs of this and the other committed exploration and appraisal wells transferred to Ithaca as a result of the acquisition of Valiant Petroleum plc were accounted for in the price paid for the company, with no success assumed. Ithaca Energy Inc.
shares T.IAE are trading down $0.02 at $1.67.
