Ithaca Energy Plc - Company Profile
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Ithaca Energy Plc (Ithaca), a subsidiary of Delek Group Ltd, is an oil and gas company with focus on the North Sea. Strong support from parent company, geographically distributed acreage and presence in Greater Stella Area are its strengths, even as operational accidents could be a cause for concern. Nevertheless, growth initiatives, strategic acquisitions, and increasing global demand for oil may provide adequate growth opportunities to the company. However, fluctuations in oil and gas prices, geopolitical risk, and foreign currency fluctuations could affect its operations.
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