fundamentals of itc

I have held and traded ITC Impress Energy for a few years.
Eddie Smith has been a advocate of the potential of this company. Without his support and the various family trusts etc it is doubtful it would have survived the last 12 months.The Growler production upgrade could have been completed months ago. Now ..MAYBE it will be completed next week, that is flow testing and increased production of 1200 to 1800 barrels a day from the various Growler wells. These have been constrained because of lack of storage. Crazie. The latest Snatcher 1 may produce anything from 200 barrels a day to 1000. My pick uneducated as a guess is 200 to 300. A fundamental guess at future income from asx company announcements relates to me like this. 2000 barrels a day from production July onwards. = 40% ITC = 800 a day at approx A$8o a barrel = $64,000 x 365 = $23 mill income from sales. Divide it by shares on issue 796million = 3 cents a share of revenue. This company will get taken over in the future as revenue increases. I wish ITC was the operator as VPE has not got a good history.They have stuffed around to upgrade storage tanks etc etc. Eddie did not want a rights offer at such a low price but was forced to do so. Where is it going in price. Arc Energy and Beach all come from a few cents to a dollar plus in the pass. Acolades to Eddie for his persistence. Negative to VPE for its management.