vpe offer, page-3

Hi GS, ITC @ 10c is only a Market of approx 90M. That still looks cheap, especially if you factor in additional value of merging the three holdings under one entity i.e. Senex with 100% of the field...or even Santos / Beach who would get 40% of that juicy western flank to add to their existing strategic Cooper's assets. I would of thought 120M a more reasonable number considering this.