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Ithaca Energy Inc.

10:10 AM EST - Ithaca Energy Inc. : provided a production update following the end of the second quarter of the year. Average pro-forma production in Q2-2014 was approximately 14,400 barrels of oil equivalent per day, 94% oil, including the contribution from the assets being acquired from Sumitomo Corporation. This performance is in line with the Company's pro-forma 2014 production guidance range of 13,500 to 15,500 boepd. Production in Q2-2014 excluding the Summit Assets was approximately 11,900 boepd, in line with the 2014 guidance range of 11,000 to 13,000 boepd for the Company's existing assets. Ithaca Energy Inc. shares T.IAE are trading down $0.02 at $2.63.