ITC impress energy limited

all quiet

  1. 5,929 Posts.
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    A couple of disappointing drills and its all gone quiet.

    Having said that the last few months have transformed the company.

    Flows at 1030 bopd (inc Mirage)with G5 on soon and the other G wells ramped further once the facilities can handle it.

    Cash flows at spot of 12mil per annum.

    Siesmic program coming up with further drilling.

    This is the time to set yourself up for the future on any down days.

    Oil will rebound - I think it is too cheap and with world production ramping down and not up in a short space of time it will bounce.
 
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