ITC impress energy limited

re: ... cooper basin ... buyer beware ... Hi folks,As hot as the...

  1. 5,411 Posts.
    re: ... cooper basin ... buyer beware ... Hi folks,

    As hot as the Cooper Basin may be, at the
    moment, let's also be aware of the the record
    (or lack of performance) behind the ITC
    management.

    Some history:

    In 2001, after the transition from a failed hi-tech
    company, ITC has suddenly emerged as an
    oil explorer ....

    ITC drill Walyering 4 in the Perth Basin, between
    Dongara and Perth, in an area that no other
    explorer has considered, because of the
    known geology is too tight to give up
    any hydrocarbons ..... very similar to the
    Whicher Range dilemma, further south.

    ---

    Next, Jendry is the same guy who took KRZ
    from producer to a floundering mess and
    not being able to explain to shareholders,
    where all that money went ... he departed.

    ..... with a little research you can find plenty
    more, too.

    -----

    Yes, there will be some trading opportunities
    for us in ITC, as the drilling program progresses.

    However, be aware of the calibre of management
    that you are pinning your hopes on .....

    There will be the usually ramping, not quite as good
    as the Barton camp, but it does the job.

    So, those smart enough to read the signs on the
    charts, will bail out before the final spike and the
    panic of the masses.

    have a great weekend all

    yogi
 
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