Overall, the Company continues to be in very good shape. Overall Free Cash Flow over 1H16 was about US$60 mm. This has been applied to reduce debt by US$45 mm. The FPF-1 is hours away from reaching location and the weather forecast looks good. Priority continues to be to reduce net debt, however the Company has started also considering acquisitions outside of the Stella area as it looks at future growth. Importantly Ithaca is not exposed to any material early infrastructure decommissioning ri

15 Aug 2016
NOTES FROM 2Q16 CONFERENCE CALL - STRONG PERFORMANCE, CONFIDENCE, STARTING LOOKING BEYOND GSA

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NOTES FROM 2Q16 CONFERENCE CALL - STRONG PERFORMANCE, CONFIDENCE, STARTING LOOKING BEYOND GSA
Overall, the Company continues to be in very good shape. Overall Free Cash Flow over 1H16 was about US$60 mm. This has been applied to reduce debt by US$45 mm. The FPF-1 is hours away from reaching location and the weather forecast looks good. Priority continues to be to reduce net debt, however the Company has started also considering acquisitions outside of the Stella area as it looks at future growth. Importantly Ithaca is not exposed to any material early infrastructure decommissioning ri