Whilst we try and predict the sp over the next few months I thought I would start on new thread on some of the potential price movers of 2009 that I eluded to previously.
Jan - Production test of G5 and connection to G field.
Completion of upgrade facilities at G field
Quarterly report - much better cash flow will be seen
Book Reserves for G field
Feb - 3d Seismic work to start
Increase production rates to ???? 1500 bopd??
2nd quarter - Production test of Tigershark
Drilling of T2
Production testing of Warhawk
Results of 3d siesmic. Potential to help
prove up greater G - W - W field.
3rd quarter Commencement of further exploration and
development
2008/09 year results - will be much better .
Revenues of around 10mill depending on
oil price.
Other things
Potential corporate activity
Resolution of RPM/QGC 20% holding in field.
Oil price rebounds in 2nd half.
I am sure I have left out lots as well. This year will be busier than ever with plenty of good things happening. I can only help but think that the sp will Impress. Unfortunately market sentiment, oil price and other factors will weigh on ITC but everything also. Every stock has its day in the sun and ITC;s cloud is clearing.
Has anyone got any other ideas of what may come up or I have missed please add on.
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