Wasa,
If VPE's current value of its 60% share is 35 cents ( at $US65/bbl ) then ITC's shareprice could be assessed as follows:
35 cents x 413 VPE/800 ITC ( shares on issue ) x 40%/60% equals 12 cents.
So with ITC currently trading at 5.4 cents, there is plenty of upside to ITC particularly when you look at their 2010 drilling plan.
est. potential value per share, page-3
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