From M Graham Wood Ithaca Energy A Stella update today as favourite stock Ithaca announces a good flow from its latest development well and a de-risking of the GSA numbers. The well produced 10,442 boe/d restricted by equipment capacity of which 7,281 barrels were oil with 19m cf/d of gas. The de-risking of the production is very good, 30,000 boe/d is on the cards and first production will be by the end of this year. Although there are some delays to the production facilities there are no major league worries and all is going well at Stella. I remain strongly of the view that Ithaca is in very good shape with production in prospect, lots of upside and very strongly financed. - See more at: https://www.malcysblog.com/#sthash.wFbYe4z3.dpuf