flow rates up, page-8

guttedsquid,

No report from VPE because VPE will play it down as much as they can. The reason as I understand that ITC put out an annoucement is because VPE were not going to put one out until next week. The only reason VPE ended up putting an annoucement out was because ITC TOLD VPE that they were going to put out an update which then prompted VPE to put one out.
VPE quite clearly are positioning themselves to make a bid for ITC. It would not suprise me in the slightest if VPE announce flow rates less than what the market is expecting which is 400 bpd for Snatcher 1 & 400 bpd for Snatcher 2. We should now be trading between 8-10 cents. A breakout and re-rating is well overdue.
Going forward we have Tigercat 1 about to come on line & Snatcher 3. Once seismic becomes available in the new year an independent reserves estimate can be completed and a better understanding of how many & were new wells will be drilled in 2010. ITC is fast becoming a NO BRAINER at these prices. Go ITC GO GO GO.