– UK, Aberdeen – Ithaca Energy plc (LON: ITH) today announced the appointment of Itzhak Sharon Tshuva to its Board as a Non-Executive Director, with immediate effect.
“I am delighted to welcome Mr Tshuva as a non-executive director to the Board of Ithaca Energy. Mr Tshuva brings to the board extensive experience in the international oil and gas markets. As the major shareholder of Delek Group, he is responsible for the discovery of significant natural gas reserves offshore Israel which contributed to its emergence as an international player. Mr Tshuva has been deeply involved in the development of Ithaca Energy, helping to position the Company for our IPO last year”, said Executive Chairman, Gilad Myerson.
At the date of this announcement, Mr. Tshuva is currently the Controlling Shareholder and a Director of Delek Group Ltd (TASE: DLEKG). Delek Group is the Controlling Shareholder of Ithaca Energy.
About Ithaca Energy plc
Ithaca Energy is a leading UK independent exploration and production company focused on the UK North Sea with a strong track record of material value creation. In recent years, the Company has been focused on growing its portfolio of assets through both organic investment programs and acquisitions. It has seen a period of significant M&A-driven growth centered upon two transformational acquisitions in recent years. Today, Ithaca Energy is one of the largest independent oil and gas companies in the United Kingdom Continental Shelf, ranking second by resources.
With stakes in six of the ten largest fields in the UKCS and two of UKCS’s largest pre-development fields, and with energy security currently being a key focus of the UK Government, the Group believes it cutilizeise its significant reserves and operational capabilities to play a key role in delivering security of domestic energy supply from the UKCS.
Ithaca Energy serves today’s needs for domestic enerbyugh operating sustainably. The Group achieves this by harnessing Ithaca Energy’s deep operational expertise and innovative minds to collectively challenge the norm collectively, continually seeking better ways to meet evolving demands.
Ithaca Energy’s commitment to delivering attractive and sustainable returns is supported by a well-defined emissions-reduction strategy with a target of achieving net zero by 2040.
For more information: https://www.ithacaenergy.com/
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