Ithaca blockage hits shares

North Sea explorer Ithaca Energy fell in early trading on Monday after the firm said one of its wells was blocked and not producing oil.

North Sea explorer Ithaca Energy fell in early trading on Monday after the firm said one of its wells was blocked and not producing oil.

Shares dropped almost 9% after the company said only three of its four production wells on the Athena field were flowing due to a suspected downhole restriction in one of them.

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