re: itc drilling oil/ 618 thanks 618,so because ITC are only...

re: itc drilling oil/ 618
thanks 618,
so because ITC are only operating in the cooper
i am right in stating ;


"yes over the long term that success rate is expected to peter out.
i remember reading the current success rate in the cooper is averaged at 40-44 %.
so thats probably why they have used the 40 % assumption."

my point was an assumption of $55 bbl oil is low.
as a mug i see oil closer to $70 over the next 12 months

what do u rekon?
what are your other shares you into?



cheers