09:56 AM EST - Ithaca Energy Inc. : reported its full-year 2009 net income stood at $7.86 million U.S. compared with a loss of $30.45 million U.S. last year. Net gain per share for the period was $0.05 U.S. versus a loss of $0.23 U.S. in the year-ago period. Total revenues for the year ended December 31, 2009 jumped to $110.81 million U.S. from $3.28 million U.S. in the previous year. The company has set a target for 2010 average production of 5,100 bopd net to Ithaca. The Stella appraisal well is targeted for completion and testing in the late first or early second quarter of 2010. Ithaca Energy Inc.
shares V.IAE are trading up $0.08 at $2.28.
