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Reviewing the quarterly the main points to come out are.

Mirage/Ventura is in sever natural decline and needs more wells. The impression I got from the company was that the Western Fairway is their priority for now. When cash allows they will drill more holes.

With Growler now producing at current rates the cash flow per quarter will more than double helping to fund the upcoming drill program.

Drilling program in August looks exciting. 1 or 2 successes would be fantastic and would rerate the company in the short term.

Warhawk has been put off for now but still is the key going forward.

All in all we are in the start of a interesting period for ITC.