Out of the coalition of the drilling, I prefer VPE.
VPE's market cap is $44mil compared to ITC at $39mil
Shares on issue
ITC 414mil
VPE 190mil
Production net
ITC ~120bopd
VPE ~300bopd
Cash (30-09-06)
ITC $4mil
VPE $5mil + $2.8mil liquid investments.
Exploration drilling 1H 2007
ITC- 6 wells
VPE- all the ITC wells plus 6 others in Australia and development drilling in the US
Summary:Compared to ITC, VPE has half as many shares, twice as much production, twice as much near term exploration drilling , and a similar market cap and cash position.
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