Happy Valley; I Would not. Buy VPE at present. Eithier Vpe will try for a 10% blocking stake as per Slampoils post or they will offer script for ITC which will in my opinion reduce the share value of Vpe in the short term. Thats my view. By all means consider ITC as a long term buy because it is. The short term certainly has come to fruit at present because of two or possibly three speculative buyers. I consider santos,beach,cooper or associates of them to be one of the other buyers. Jus a what would be a realistic scenario. Santos,Beach, JV are considering a pipeline from the Charo field.??????????????????????????? The rain Gods gave vpe a better opportunity than did all VPE best management to withstrain the production of Growler and Snatcher in the last 6 months of 2009. Small pump on Snatcher 3 from the start. Later ann re delayed productionet. Restricted flows from Growler field since June last year. Water cut low but chokes remain on and on. Why have Vpe been investigated. Because of there best endeavours to restrict production for a opportunity to take a greater position. Includes Roma. Clever.B's.. 247
ITC Price at posting:
6.7¢ Sentiment: LT Buy Disclosure: Held