618The cash flow from G3 and G4 will be good but I would think...

618

The cash flow from G3 and G4 will be good but I would think it would take several months to tie in. It would depend on how advanced they are with the ordering if indeed they have at all - ie the pumps etc.

Warhawk is the key for all parties ITC/VPE/RPM.

Warhawk has the potential the get us 8 mbo recoverable so it is a fair size project and could well be bigger with 40 mboip.

I remember joining in discussion on the VPE site. Personally I like their projects but have no faith in Kopcheff at all. Has been around forever and done nothing.
VPE as operater of these projects with us (ITC and RPM) has been our problem. The finishing of the Mirage wells were buggered up by incompetant drilling practises by VPE and so the results have been very poor.

This is why you have seen ITC now take on the technical side of things as the expertise in our company is very large. Greg Smith found ARC's stuff off Dongara and since he has been doing the work we have had 100% success.

ITC's biggest downfall is that they are a single project company but in terms of SP are at the bottom and can only go up and if only for 100 000 shares which costs little, 618 do yourself a favour and get some. If not you can flog them for 4-5c soon and make money.