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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