Squid
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Scenario.........
Listed in IPO of a merger between ITC Impress and split Vpe oil assets at 40 cents a share with a project cashflow of $90mill in the first year.
Ongoing exploration with New Management team likely to exceed $180mill in 2012. A possible takeover target etc.?????????
New code of wfo if not taken.
Unfortunately for the moment Euroz or Zero accumulate in low 5 cents and my forecast of low re entry has come true for now.
My previous post should have read 4.85% now held by Zero.
Accumulated 1.7mill at about 5cents.
247
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