PC43, 1. Still to be sorted. Delays. 2. 30 days?????????????? 3. Gunna be a wait. General comments. Its a buyers market in the abstance of news. Sellers are taking trades of the bidders as in the last 500,000 at 5 cents today. In Matchouts at end of day auction trade I am seeing sellers in control trying to reduce or increase amount they wish to sell at a .01c premium VPE has almost always been optimistic re time frame re oilwells to be drilled. I am sure nothing has changed for the next 2 months. Nothing.????? I am also sure that Santos and Beach and Origin are going to continue drilling the Charo field. 7 etc. Next week Bpt will report on Charo 6 as cased for production maybe. This year they will have to talk re a common field. ?? Impress still have a overhang of the 3 cent rights issue sellers. I will be to a seller of some but not until the fundamental price value matches the traded price. ITC have 1150bopd with severe chokes and little water from Growler. I am a constrained buyer at 5 cents as what oil stock can you find that is cheaper on Fundamentals. 247
ITC Price at posting:
5.0¢ Sentiment: Buy Disclosure: Held
