Monark, In part that problem of our partner VPE in the JVis why...

Monark, In part that problem of our partner VPE in the JV
is why the ITC share price is where its at today.
Management.. Delays in almost every instance. I would love to read the JV agreement in detail and also when it is due for renewal or changes. VPE ann. is as usual utter garbage re drill programe. I have seen it for years and always the same. Liberator has not got any 3D exposure. On current info it would be a wildcat well. Are they going to drill G6 to G8 without the finalisation of 3D now not due until February.. NO.. unless the JV rules change. Does the operator have the permits for discharge of water in place that will come from Growler. Not b loody likely. They have only had 8 months to consider..
And the cost of CSG is always going to be a capital expense for a while. Thats where Vpe cash will go thats why Bpt got out of CSG. The concern is
1. Management vpe sucks.
2. Because of above any takeover is limited. Who wants a minority with vpe as mananger.
3. They vpe have been at odds with ITC but Impress have learn't to tolerate it. It has and always will reflect on the true value of Impress.
The outlook... Impress will have increasing revenue for the forseeable future. Eithier VPE will make a takeover offer with script mostly early next year or Impress will look for a small junior which it can expand and grow from late next year.
Finally VPE shareholders after 9 years of capital raising and so on finally have a revenue cash flow which is increasing now. They still manage to spend and their share price is still the same as in 2001 basically 3 to 4 cents plus many more shares added and a 10 for one consolidation. MANANAGE..lol 247