Ithaca Energy unveils $860m oil aquisition in Canada Ithaca Energy PLC (LSE:ITH) has announced a US...

Ithaca Energy unveils $860m oil aquisition in Canada Ithaca Energy PLC (LSE:ITH) has announced a US$860 million deal to acquire Suncor Energy's offshore Canadian oil assets, to lift the firm's medium-term production outlook to 140,000-150,000 barrels of oil equivalent per day. The acquisition covers a 48% operated interest in Terra Nova and stakes of 40% and 38.6% respectively in the White Rose Existing and Growth Lands off Newfoundland and Labrador.