Court of Queens Bench of Alberta, Court File No: 1501-05830
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This securities class action relates to the Defendants publishing core documents and making other statements containing misrepresentations about Ithaca’s offshore oil and gas business and operations concerning: (1) material modifications to its “FPF-1” Floating Production Facility; and (2) corresponding 2015 pro forma production and revenue projections for the Greater Stella Area. The representative plaintiff, on behalf of the class of shareholders, served his motion record in support of leave to proceed on December 1, 2015.

Claim Issued: May 26, 2015

Class Period: August 12, 2014 to and including February 25, 2015

Leave to Proceed Record Served: December 8, 2015

Shareholders’ Counsel: Andrew Morganti and Matthew Stroh, Morganti Legal; and Robert Hawkes, Q.C. and Gavin Price, Jensen Shawa Solomon Duguid Hawkes LLP

Shareholders’ Experts: EPEUS LLC and Compass Lexecon

Defendants’ Counsel: Perry Mack, Q.C., Peacock Linder Halt & Mack LLP