About equal at present. Not much food for traders. A lot of shares to sell at 6c to 6.2cents. Remember a lot of share holder's are thinking we have doubled our money from the rights issue so will sell 50%. Impress has several pending ann's that will feed the fire for a imbalance of supply demand. Looking back at past 12 months or so. Growler field. Growler 4 240 bopd.probably a comparison with Snatcher 1. Growler 3 . NOW that APPEARS as a similiar result to current Snatcher 2. Produced 2040 BOPD to Tank : then reduced to 1000bopd . Storm Bird. Was a p&a. 2 metre oil show. Not commercial. Tigerhawk. Also a p&a. 3metre oil show. Tiger Cat. 7 metres oil pay. Future producer. Growler 5 . 17 metres fair to good. Produced 960 bopd. Add the Growler 1 and 2 and mirage . Looks a good continuing cash flow to me. When we get a ann. next time re wirelogs or other MDT test for Snatcher 2 then watch the fuel added to the fire. Add a tipping sheet or some other F.A to the pot when they acknowledge the future P>E. of ITC on Fundamentals then suddenly you will see a interesting week. You need New buyers though to burn off those millions of issued 3c rights issues. Thats my thought for today. 247
ITC Price at posting:
5.9¢ Sentiment: Buy Disclosure: Held