ITC impress energy limited

Hopefully the buy side can continue to build this week.As per...

  1. 4,892 Posts.
    Hopefully the buy side can continue to build this week.

    As per last announcement " receipt of the delayed final processing of the Mollichuta 3D seismic data from the Operator, Victoria Petroleum NL (which is imminent)".
    Once the seismic is received for the Mollichuta area then we can get on with drilling. As per last announcement "2010 will see a vigorous drilling campaign comprising development, and appraisal wells at Growler, Snatcher, and potentially Tigercat and Wirraway Fields.
    Now that we have resumed production flow rates on Snatcher 1 & 2 must now be imminent.
    I also like the part in the last announcement where reference is made to restricted rates "water handling, which has been an issue between ourselves and the Operator, Victoria Petroleum NL, is being addressed at both Growler and Snatcher Fields with the provision for construction of evaporation ponds that should enable existing wells to be produced at less restricted rates".
    Yes Eddie is back and yes Eddie's announcent should have been marked market sensitive. Go ITC GO GO GO.
    We should already be trading between 8-10 cents.
 
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