Ithaca Energy Inc. and its wholly owned subsidiary Ithaca Energy (UK) Limited, says that total production from the Jacky and Beatrice fields has now been optimized at daily rates exceeding 12,000 bopd.

Average production for the month of July from the two fields was approximately 11,770 bopd (5,652 bopd net to Ithaca).

The Jacky field continues to produce ‘dry’ oil which provides further encouragement that the likely ultimate total production volume could exceed current management expectations. Plans are on schedule to commence drilling a water injection well in September 2009 that will maintain reservoir pressure and support future production through 2010 and beyond.

A further update on Jacky production performance will be announced after the injection well has been commissioned.

Partners in the Jacky field are Ithaca (47.5%), Dyas UK Ltd (42.5%) and North Sea Energy (UK) Ltd (10%).

Partners in the Beatrice Field are Ithaca (50%) and Dyas UK Ltd (50%).

Tags: Ithaca Energy Inc.