Ann: Quarterly Cashflow Report , page-8

Squiddy,

I reckon the three positives in VPE's report (wrt ITC) were:
1) With $20mm in the bank they as operator will not be slowing JV progress for want of cash.
2) Seemed pretty adamant that production would be help at or above 1000 bopd once facilities upgraded
3) Clarified that the surface facilities will be good for 1500 bopd.

EL