re: presentation detail Ian , Yes ITC is my horse in this stable...

re: presentation detail Ian ,

Yes ITC is my horse in this stable RPM VPE ETE ITC and another to enter the scene Merlin ! which it is not quite clear to me how coalition leverages will be effected.....You got any info on what Merlin is up to with any of the stable ????? This is about to come out .

ITC has working interest 15% , not 12.5% in coalition PEL's[104,111,and115] . Might help with the formula.

I agree that directors do nicely out of both ETE and ITC .

ETE : What i am concerned about Entek is the 17.8m shares distributed to LIO shareholders "free" ; and the 4.2m to LIO . What is going to happen to the IPO issue price when these all hit the market . They are going to sell them ......

It is my conclusion.......That ITC is the best structured company by far .

Peter Strachan in StockAnalysis gives ITC and ETE moreorless equal leverage of 580% on the series of coalition wells.

I hold ITC and RPM