RE: RE: News coverage on Ithaca EnergyI felt this means we have added value coming in the next couple months:
John Woods, Chief Development Officer, commented:
"The exceptional performance of the Jacky field implies that initial estimates of recoverable reserves have been exceeded. The northern area of the field was recognised from the outset to be poorly drained by the current production well. This new well is expected to target a substantial increment to reserves and, upon success, is anticipated to provide continued excellent performance from the field."
Hello anyone out there?? "The exceptional performance of the Jacky field implies that initial estimates of recoverable reserves have been exceeded." So after a strong year of production we are going to get a boost on reserves and also add some more reserves added by the new well. This is real good. Our reserves are going up, and so will SP, should mean a good buying opportunity before the updated reserves report. GLTA
p.s. IAE is going make longs a lot of money in 2011