Ithaca Energy (IACAF.PK) agrees to sell Edison International (EIX) a 25% interest in the...

|About: Ithaca Energy Inc. (IACAF)|By:, SA News Editor

Ithaca Energy (IACAF.PK) agrees to sell Edison International (EIX) a 25% interest in the licenses containing the Handcross prospect, with EIX carrying a portion of Ithaca's share of the costs of an exploration well. Ithaca also agrees to sell a 50% stake in a U.K. offshore license to Royal Dutch Shell (RDS.A, RDS.B), with Shell paying the full cost of obtaining seismic data.