Ithaca Energy Inc. announces completion of a highly successful flow test on the first development well drilled on the Stella field and provides a progress update on the Greater Stella Area development activities.

Highlights

The first Stella field development well, "A1", flowed at a maximum rate of 10,835 barrels of oil equivalent per day (boepd) on a 7/8-inch choke, with the full production potential of the well limited by the capacity of the well test equipment on the drilling rig.

Fluid samples have confirmed the high oil content of the hydrocarbons that will be produced from the well.

The maximum rate of 10,835 boepd corresponds to 6,499 barrels of oil per day ("bopd") and 26 million standard cubic feet per day (MMscf/d) of "liquids rich" gas.

Tags: Ithaca Energy Inc.