itc price action

Buyers side is building, sellers are drying up as we
move closer to drilling activity.
share price seems to be rising and holding.

how high will it go ???

During th last round of drilling the sp hit approx 12cents.

this time around ITC has a 40% holding instead of 15%.
they have oil & gas in the ground.
cash flow from producing wells.
the oil price is higher.
yes there are more shares on issue, but more cash in the bankas well.

As we get closer to the 23rd and 6 wells in this drill program im expecting the share price to move in the
15 - 20 cent price range.
if more oil is found 30 - 40 cents has been mentioned in company press release.

Things are looking good for this explorer turned producer!!!!

Any one else onto ITC, and where do you see sp moving?


cheers