Stella First Hydrocarbons

Ithaca Energy Inc. announced the successful start-up of production from the Stella field.

Production has been started from the field and oil export to the adjacent shuttle tanker has commenced. The production ramp-up phase will commence when the on-going commissioning of the gas processing and compression facilities is complete.

Further information on the status of Stella field operations will be provided when the Company issues its 2016 Financial Results in late March 2017.