Not to forget......that Ithaca's interest in Jacky & Beatrice will be significantly reduced in the next month or so thus our cash flow will drop accordingly.
from the July 22nd Press Release:
On 29thJune 2009, Ithaca announced a second transaction with Dyas UK Ltd that will reduce Ithaca’s interests in Jacky and Beatrice to 47.5% and 50% respectively. Closing of that transaction remains on course to be completed before the end of the third quarter of 2009.
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Currently:
Partners in the Jacky field are Ithaca (67.275%), Dyas UK Ltd (22.725%) and North Sea Energy Ltd (10%)
Partners in the Beatrice Field are Ithaca (74.75%) and Dyas UK Ltd (25.25%).