Ithaca Energy Inc - Re: IAE Stream Log - Two broker notes out today,...

Two broker notes out today, FirstEnergy Capital & finnCap, both on research tree... FirstEnergy Capital: "Market reaction: positive. We view the pipeline export solution for Stella as being very good news. This has historically been a source of concern for us given the risk of downtime associated to weather. Exporting through a pipeline would boost uptime and will reduce opex/boe by US$1.5/boe. In addition, this will likely result in an increase of recoverable reserves (lower cost implies longer economical life of the field). The change over from tankers to pipeline in 2017 is expected to result in minimal down time." finnCap: "Ahead of today’s AGM, the company has provided an update on its operations at Stella. The sail away of FPF-1 is expected either at the end of June or early July. The company has also gained access to an export pipeline. Stella update. It is encouraging to see that commissioning activities at FPF-1 are reaching a close and sail away is imminent."