North Sea oil and gas player, Ithaca Energy, increased its estimated reserves and boosted cashflow during 2011 and says it is still in negotiations over a possible takeover.
In 2011 the company saw cashflow from operations at $103.5m, against a prior year figure of $88.9m.
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Do you still have to file a tax return if you don’t owe any tax?Even if you do not owe the taxman any money, failure to complete and submit your tax return could result in a penalty costing you up to £1,600.
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Millions of homeowners to see mortgage payments riseMortgage holders with deals expiring soon can expect to pay more, according to Bank of England calculations, though the increase is less than previously forecast
