It's interesting that ITC are using a similar strategy to STX.
That is, they are working out from a proven oil discovery in modest steps so as to understand the field and prove up production.
The first three wells are now being completed as producers.
Based upon this cash flow, they can then test more rewarding prospects.
They have a theory on the Murta sands that, if correct, will see this company become very successful.
MT.
It's interesting that ITC are using a similar strategy to...
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