ITC VPE

Ann: Growler Oil Field Reserves 3P Estimate, PRL , page-23

  1. TBE
    3,734 Posts.
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    20/01/10
    08:25
    Post #: 6222979
    re: Ann: Growler Oil Field Reserves 3P Estima... 2million barrels at 80 bucks per barrel is 160million.
    less than half of that would be profit and VPE have 60% share.

    Add the CSG interests and I would say for where VPE is in its program for both, it is generously priced.

    That is not a prediction on where the SP will go, just that this "news" doesnt really change anything.
    VPE Price at posting: 31.5¢ Sentiment: None Disclosure: Not Held
    Likes Created with Sketch.  Upvote
    lightbulb Created with Sketch.  Great analysis
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