The price of ITC is Traders end of year noise.Close out a...

The price of ITC is Traders end of year noise.
Close out a position to realise a profit.
Hopefully buy back tomorro at a similiar or lesser price.
The Breakers of noise and action will arrive when buyers consider the Fundamentals of Impress. 796,186,353 shares on issue. Future announcements which are obvious to some.
Current Oil price is in excess of Aus$90.00 a barrel.
Production will most likely be at 2000BOPD in this next quarter.40% is ITC,s share.
Take a look. Projected Revenue
1200 BOPD 40% to ITC =480 = $43,200 x 365.. $15,768,000
1600 BOPD 40% =640 = $57,600 x 365 ..$21,024,000
1800 BOPD 40% =720 = $64,800 X 365 ..S23,652,000
2000 BOPD 40% =800 = $72,000 x 365 ..$26,280,000
The 3 variables are.
The Aus Dollar.
The Tapis Oil Price
The actual and projected Barrels of Oil A Day.
On 3 occasions this year ASX ANN. for this Joint Venture have made reference to upgrade of 1800 to 2000BOPD.
That was prior to possibilities of Snatcher.
Fixed and Variable costs = about $22.00 a barrel plus royalties
Do your own figures and work it out.
Just hope the operator does not stuff up results from this well because of mud rates etc.etc.
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