current reserves, page-7

been doing further research ...

Snatcher 2P Reserves stand at 1.44m barrels (ITC Share 576000 barrels)

Growler 2P Reserves stand at 1.8m barrels (ITC Share 720,0000 barrels)

Both estimates to be updated once 3D Data Analysis if finished (end 2009).

As aside... Further infill drilling for Growler expected as early as Dec 2009. It seems that daily production to 2000 BOPD will then occur as the plant has been upgraded.

Not including Tigercat, Warhawk (and to lesser extent Mirage) the 2P Reserves stand at 1,296,000 Barrels to ITC

Current Market Cap at 5.5 cents is circa $45m. Minus Cash of $7m, leaves $38m. THis shows a value of $30 per barrel for ITC. Would like to see this figure at or below $20... will keep at it.