ITC impress energy limited

fracture stimulation dud, page-9

  1. 585 Posts.
    a few more points to be made ...


    their revenue assumptions are based on $65 oil, we are $5 below that.


    the idea that the greater mirage field contains 20 mill barrels oil won't be mentioned again.


    pay for top execs is $950k yearly (although they have aquired new talent), add another 900k head office expenses.


    $5 mill in the bank, expect the hat to be passed around in feb/march to continue the drill program.



    .

 
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