Sorry boys/girls...
I meant - i do think its VPE.
My reasons are that VPE with ~$40m will want to essentially buy out its JV partner for the whole Jurassic Oil fairway.
So if they spend ~$11m/0.065c (ave ITC sp) = 170m shares ITC or just over 19%.
They will then offer cash and scrip for the balance of shares at ~10-12c equivalent. They will also sell its CSG assets to QGC or whoever to help finance the oil drilling. That way VPE will focus purely on oil production - which is what they originally intended (JK's pref).
I suspect the buying is being done on their behalf.
Just speculation ofcourse.
GL
Sorry boys/girls...I meant - i do think its VPE.My reasons are...
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