ITC impress energy limited
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Mick,It's a cashflow report, so it depends when they recognise...

  1. entropylord
    14,207 Posts.
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    29/01/09
    16:48
    Post #: 4739744
    Mick,

    It's a cashflow report, so it depends when they recognise the oil as cash. Also prdn hasn't been a steady 1000 bopd, actual monthly numbers in the presn a week or so ago.

    If Eddie wanted them cheap why did he buy at well over 3 a month or two ago.

    The cashbleed is an issue, but let's not overstate it. If only the JV were producing 1500 bopd things would look great.

    EL
    ITC Price at posting: 2.4¢ Sentiment: Hold Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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