ITC impress energy limited
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re: going to be interesting on monday If the 1000 bls per day is...

  1. Moneytree
    3,935 Posts.
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    10/03/06
    17:59
    Post #: 1425815
    re: going to be interesting on monday If the 1000 bls per day is proven up, and it certainly looks to be, then ITC will have oil revenue in the area of $7-10mpa.

    Giving that a pe of 10 and no value on any exploration assets they will be worth 25 cents per share.

    10 cents looks cheap as they are quickly moving towards 25 cents.

    MT.
    ITC Price at posting: 0.0¢ Sentiment: None Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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