Parts of the grand plan now falling into place . ITC has equal...

Parts of the grand plan now falling into place . ITC has equal size share as VPE in the Cooper Basin at 40 % after today . This will give them an initial 400bbloed by new year which will gross them near $8m pa revenue. The recent 2D and 3D siesmic will up grade reserves significantly which is thought to be much greater than first thought . I will leave that to the 3 companies to announce....?

The exploration wells about to get underway in Nov05 with TomCat etc are now very much more prospective, and will take ITC to another level in the Cooper oil patch .