ITC 0.00% 8.2¢ impress energy limited

supply demand

  1. 559 Posts.
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    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
 
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