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Ithaca Energy to buy interests in three UK oil fields for $170 mln

Reuters - UK Focus

June 23 (Reuters) - Ithaca Energy Inc (Other OTC: IACAF - news) said it entered into an agreement with Sumitomo Corp (Frankfurt: SUMA.F - news) to buy interests in three UK oil fields for $170 million.

The North Sea oil and gas operator said incremental 2014 pro-forma production from the field interests was estimated to be about 2,500 barrels of oil equivalent per day.

(Reporting by Karen Rebelo in Bangalore; Editing by Sunil Nair)