BUZZ-Ithaca Energy Inc: Cuts production forecast

Thu Oct 9, 2014 11:45am EDT
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** Oil and gas company's shares down 8.3 pct at a 52-week low of C$1.76

** Cuts full-year pro-forma production forecast to 12,500 barrels of oil equivalent/day (boepd) from 13,500-15,500 boepd

** Company cites production deferral at the Causeway Area fields for cutting forecast

** Q3 output fell to 11,600 boepd from 14,300 boepd in Q2

** Up to Wednesday's close, the company's shares had fallen 28 pct this year