Ann: Capital Raising , page-11

Hi El

Worth another look maybe, small prospects ie max up to 10 million barrels recoverable but most in the 1 to 5 million barrel range. Lots of drilling at last.

Here we have a classic case of using new techniques 3D seismic for the first time to define the drilling targets in a proven oil area, it doesn't get any better than this.

Looking at the ASX oil companies I can pick out ITC and this is a surprise for me NSE.

Have a look at them, I know onshore USA can be a problem but they are doing exactly what ITC have done, Sam W at NSE playing a good game.

For myself I will continue to invest in ITC as I like an onshore Australian based exploration company finding oil!!!