ITC 0.00% 8.2¢ impress energy limited

gorilla stock!

  1. 56,455 Posts.
    lightbulb Created with Sketch. 254
    Cheap - should be double figures.

    Subject up 12%
    Posted 28/09/05 21:14 - 30 reads
    Posted by macrae12
    IP 61.68.xxx.xxx
    Post #735077 - start of thread - splitview

    Now 5.7. Nice 33% gain for this hungry gorilla with much more to come.

    Subject one other minnow
    Posted 25/07/05 15:00 - 59 reads
    Posted by macrae12
    IP 61.68.xxx.xxx
    Post #658674 - start of thread - splitview

    Your call.

    Sydney - Thursday - July 14: (RWE Australian Business News) -

    Impress Ventures Ltd (ASX code: ITC) has signed a conditional agreement
    to increase its interest in the six Cooper Basin exploration and
    production permits PEL 86, 87, 89, 104, 111 and 115 from 15 per cent to
    27.5 per cent.
    Impress has agreed to buy the extra interests from Tacnas Pty
    Ltd, a fellow joint venturer, under certain conditions.
    The agreement calls for Impress to pay $500,000 in cash and to
    pay to the joint venture account the outstanding cash calls owed by
    Tacnas, estimated to be $500,000.
    In addition, Tacnas will receive 35 million shares in Impress
    and a $200,000 convertible note, valid for two years and convertible at
    8c a share.
    Further payments are to be made upon certain recoverable reserve
    milestones being met.
    Impress chairman Mr Eddie Smith said: "ITC is pleased to
    increase its interest in these highly prospective areas to a more
    meaningful level such that any future success will have a greater
    benefit to the company.
    "The deal gives ITC a 27.5 per cent stake in the
    recently-discovered Mirage and Ventura oilfields."
    Shares in Impress Ventures fell 0.2c to 4.3c today


 
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