Squidgy, My thoughts are that Eddie wants to prove up Snatcher 3, G6 and G7 and then put the show up for sale. He doesnt need any further commitments and there is a fairly big mountain of debt.
If G6, G7 and S3 all come in ( and I think he must be pretty confident ), then there will be enough runs on the board to get some buying interest from several oilers operating in the same area.
There is some serious oil here and interest is mounting. I think Eddie will stick to proving up the Oil Fairway etc.
ITC Price at posting:
5.3¢ Sentiment: Buy Disclosure: Held