oil income

interesting to note that last month (feb) ITC were using an oil price of US$55 and an xchange rate of .74c to calculate their monthly income.

well the aussie dollar has fallen to av. .71c and oil is at $66, providing a double bonus.

with oil production from mirage1 & ventura at 430 BOPD, ITC 's income benefits by $89,739 per month on the current figures.(to $447,684 income p/month)

$5,372,208 yearly income.


we should see a doubling of this figure with Mirage2 & 3
being bought online in May according to vpe presentation march2006.

not bad for a little oiler.



cheers