ABERDEEN, SCOTLAND--(Marketwired - May 30, 2013) - Ithaca Energy Inc (
Not for Distribution to U.S. Newswire Services or for Dissemination in the United States Ithaca Energy Inc. Board of Directors Appointment 30 May 2013 Ithaca Energy Inc. (TSX VENTURE :IAE ) (LSE :IAE )("Ithaca" or the "Company") announces the appointment of Mr Jannik Lindbaek as a Non-Executive Director of the Company, subject to normal regulatory approvals. Mr Lindbaek brings a wealth of oil and gas industry experience to the Ithaca Board of Directors. Mr Lindbaek has previously held the position of Chairman of the Norwegian international oil and gas company Statoil ASA, prior to its merger with Norsk Hydro in 2007. He has also been Chairman of Den norske Bank ASA and of Saga Petroleum ASA, adviser to the East African Development Bank, the Nordic Investment Bank and a founding member and former Chairman of Transparency International Norway (a non-governmental organisation that monitors and publicises corporate and political corruption in international development). In relation to the appointment of Mr Lindbaek to the Board of Directors, Ithaca confirms that there is nothing further to disclose in relation to his appointment under Schedule Two, paragraph (g) of the AIM Rules for Companies, save as disclosed below: Full Name: Jannik Lindbaek Age: 74 Current Directorships / Partnerships Gearbulk Holding EWS Foundation in the last 5 years: Wikborg Management Previous Directorships / Partnerships Sagex Petroleum ASA in the last 5 Years: Valiant Petroleum plc Enquiries: Ithaca Energy: Iain McKendrick,CEO imckendrick@ithacaenergy.com +44(0)1224 650 261 Graham Forbes, CFO gforbes@ithacaenergy.com +44(0)1224 652 151 FTI Consulting: Billy Clegg billy.clegg@fticonsulting.com +44(0)207 269 7157 Edward Westropp edward.westropp@fticonsulting.com +44(0)207 269 7230 Georgia Mann georgia.mann@fticonsulting.com +44(0)207 269 7212 Cenkos Securities plc: Jon Fitzpatrick jfitzpatrick@cenkos.com +44(0)207 397 8900 Neil McDonald nmcdonald@cenkos.com +44(0)131 220 6939 RBC Capital Markets: Tim Chapman tim.chapman@rbccm.com +44(0)207 653 4641 Matthew Coakes matthew.coakes@rbccm.com +44(0)207 653 4871 About Ithaca Energy:Ithaca Energy Inc. (TSX VENTURE :IAE ) (LSE :IAE ) is an oil and gas operator focused on North Sea production, appraisal and development activities. The Company's strategy is centred on building a highly profitable North Sea oil and gas company by maximising production and cashflow from its existing assets, the appraisal and development of existing discoveries on properties held by the Company and the delivery of additional growth via acquisitions and licence round participation. Not for Distribution to U.S. Newswire Services or for Dissemination in the United States -ENDS- This information is provided by RNS The company news service from the London Stock Exchange END
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