Jan 12 (Reuters) - Ithaca Energy Inc IAE.TO :
* Operations update & 2016 outlook
* Says in 2016 production is forecast to more than double to approximately
25,000 barrels of oil equivalent per
* Says average production in 2015 totalled approximately 12,100 boepd --
exceeding full year guidance of 12,000 boepd
* Says forecasts 2016 capital expenditure of approximately $50 million, a
reduction of over 40% on the previous year
* Says forecast first hydrocarbons from the greater stella area now anticipated
in the third quarter of 2016
* Source text for Eikon ID:nMKWwFSgXa
* Further company coverage IAE.TO