itc potential worth, page-2

I agree with you about Impress. The growler and snatcher fields have already proved themselves and but for the floods would likely now be producing 3000 bopd gross. The reserve numbers might look small but they are real reserves not like the crap that comes from a lot of other juniors. One thing about the Cooper is the fields may be small but they are high margin production. And generally reliable but for the bloody weather.

It is likely that there will be some consolidation in the Cooper with VicPet moving to take out Impress. They already have a 10% interest. As partner with ITC in the two fields mentioned above they must know that ITC is undervalued. And Eddie Smith has had heart surgery so not likely to be so keen to fend off marauders as he once was.

I haven't looked at the top twenty to see if there is a blocking interest but will do so. Looks like a dead set certainty to rise once the Cooper dries out.