OlieyThey have been valued around 10.5c to 11c by several...

Oliey

They have been valued around 10.5c to 11c by several broking houses so not sure how you got your valuation. Not factoring in the dilution recently would bring it to around 10c.

They have close to 1 mill barrels in reserves between Mirage/ventura and now Growler. That alone is worth 100 mil in the ground to ITC. Using other models it would be factored in at around $40 a barrel which is 40 mill which underpins the shareprice plus some.

Their main thing is the drilling of Warhawk. If this comes in I would hope to see this at 15c plus. They are aiming to drill this 1month post good production from G1 and G2. Warhawk won;t be drilled if G1 and G2 fail. Then we are in trouble.

I can't see it going lower with oil price on the rise.