ITC impress energy limited

At last (barring rain) the program is about to get up and...

  1. 5,929 Posts.
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    At last (barring rain) the program is about to get up and running. As a long term holder I feel this little stretch is very important to the company.

    Firstly, they need to get oil flowing at Growler and at Wilpinnie. If this occurs and i believe there is a very good chance then it should po back to 10-11c. We need to see oil flowing to reduce th chance of more capital raising.
    After speaking to Eddy B I feel very comfortable that the need for capital will only arise if they can't get these wells to flow.
    Obviously, more successes with the wildcats would be good.
    They also have an specialist engineer looking at the Mirage/Ventura fields to see if flow rates can be brought on line and if so the likely hood of more wells is very high.
    Just a few things need to fall into place and the sp will take care of itself.
 
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Currently unlisted public company.

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