The JV has no shortage of oil that it knows the location of, its problem at the moment is the facilities to get it out of the ground. Growler-3 flowed at 1150 during initial production testing, so at that rate would mean the Growler field would be producing ~1550 bopd in total once they've increased the choke. Mirage at ~80 bopd as you say. Then there's Warhawk 50-100bopd, Tigercat at 100-200bopd, Snatcher-1 218bopd. Put all that together and you're looking at nearly 2000bopd.
Also, once they have access to/have interpreted the 3D, it should make siting development wells a lot easier to make the most out of the Tigercat/warhawk/growler field.
And Snatcher-2 spudding in less than a week. ITC's revenue and reserves are going to grow, no doubt about it.
ITC Price at posting:
5.4¢ Sentiment: Buy Disclosure: Held
