ITC impress energy limited

oil explorer producer , page-8

  1. 378 Posts.

    ITC already is receiving revenue from Mirage..
    This is producing on average 200 BOPD
    40% share to ITC (Unless this has changed since the last Fin report.)

    Add to this Growler 200 BOPD = 400

    This is what Gutted is refering to.

    DYOR

    As mentioned some things are flying under the radar for some people new to this stock.
    I think receipts from Oil sales last year was about 1.7 Mill.It all helps to further exploration and get the ball rolling.

    One day ITC will be able to rest on it's laurels for a little while and let the Oil just flow.
    They are trying to establish a position for the future and I for one applaud management for slowly but surely reaching that goal. They have more prospects to drill with hopefully more oil coming out of the ground.

    Even if we only have 3.5 to 5 mill in revenue for the next 2 years from Growler and Mirage , that can be poured into exploration for bigger and better things.
    This stock has a definite possibilty for re rating over the next 6 months.
 
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