production?, page-2

Ok... as of current we are still at around 1000 BOPD when snatcher 1, snatcher 2 and tiger cat 1 come online shortly we will be around 2000 BOPD with a net to Impress of 800 BOPD...

The next milestone figure is 3000 BOPD by the years end next year.... however with another successful hit at snatcher 3 and similar flow rates of 400 BOPD we should see ourselves at around 2400 BOPD by years end this year....

Thus from this we have a plan of between 9 to 14 wells next year (depending on who you speak to) lets say we achieve a 70% hit rate (current hit rate minus the 3d is 67%) and assume all these wells produce at a modest 200 BOPD (MODEST figure of wild cat wells) we COULD see ourselves at 4000+ Bopd by the end of next year...

So IMHO hold onto your hats because ITC and VPE are about to become a force in not only the copper basin but Australian ONSHORE oil production...

Following on from the above if we assume a 75 AUD oil price (CONSERVATIVE in this market) we could expect revenues in the region of 4000 * .4 = 1600 * 75 = 120 000 per day or around 40 million based on a 360 days of production...

so really only one thing to do

BUY BUY BUY

DSICLOSURE: I own buckets of ITC and believe entirely in its potential... I MAY ALSO BE BLINDED BY MY OWN INVESTMENT so DYOR

You do the maths and even with MODEST