Malcys Blog. Today. An Extract.Ithaca Energy Just a quick word on Ithaca as i was unable to attend the meeting and hope to catch up with the management before too long. I thought that it was a very creditable set of results, production was above guidance and this year looks good too obviously with Stella adding the barrels. Indeed I expect that Stella will be taking a fair bit of time to ensure a satisfactory start-up. Cash flow is up and opex is down, to $31 p/b against $55 last year and expected to be $25 with Stellas contribution. Still pretty much the favourite in its space and Stella now key, all looks ok at Ithaca. - See more at: https://www.malcysblog.com