BUZZ-Ithaca Energy: increases hedging to mitigate oil weakness

Tue Mar 31, 2015 4:44am EDT
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** The London and Toronto-listed Ithaca Energy jumps as much as 14 pct

** North Sea-focused oil and gas operator said it has increased its oil hedging protection since the start of the year in order to mitigate against the impact of further Brent price weakness

** Ithaca Energy says 4,000 bopd has been hedged at an average price of $69/bbl from July 2016 to June 2017

** Ithaca shares last up 13.3 pct (RM: