announcement out, page-4

The quarterly will answer this. I would think not especially now that they have deferred some works and recently got enough cash to complete the prgram and at current prices we getting 2.5mil a quarter. Surely our backend stuff doesn't cost that much.

Just like many companies ITC are trying to conserve cash, do the seismic and make this fairway really pay. Oil will bounce later this IMO and ITC will be ripe to benefit from this. Good to accumulate on any weakness.