Sorry boys/girls...I meant - i do think its VPE.My reasons are...

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