its not a bad announ. just cannot get excited. 2m of porous birkenhead can still deliver 100bblsd. Who knows.
One thing I do know is that ITC is not a takeover target. If you think that you will be disappointed. very small reserves and very modest flows. RPM was a target due solely to concentration of large quantity CSG in the one licence. VPE is unlikey to be a target- too diverse.Too small.
Anyone know why they didn't go back to Wirraway? this hole has oil but was damaged at drilling.
ITC Price at posting:
3.4¢ Sentiment: Hold Disclosure: Held
