ITC

[ELYOB]

ITC [8)] jv partner VPE has used WW2 fighter planes as names in exploration prog . Wells now firm. This will be an excellent play in the Cooper Basin which could payback similar to INP...?

1. Bulldog-1 15% PEL-115 13mmbbloe
2. Hurricane-1 15% PEL-115
3. Demon-1 15% PEL-111
4. Mustang-1 15% PEL-104
5. Wirraway-1 15% PEL-104

[ELYOB]

[?]Reading some posts on HC express Directors buying because of "large target" P[10]= 32mmbbloe , from recent seismics ?? Could this be Bulldog -1 well , the first scheduled off the rank when things fall into place ....[8)]

[ELYOB]

[8)] Directors now have 35% of total shares on issue ...? why so much!
ITC has $4m cash ; thats more than 2c share . 7 wells scheduled !

[ELYOB]

[8)] ALERT traders will watch this closely ; hearing things ...

[ELYOB]

[?]Well timetable and names being constantly changed , even right now at last minute . Dont go by VPE updated schedule ,as it is wrong by the time ASX get it . [?]

[ELYOB]

[8)]HC posts are saying the "Large target" has been named SABRE-1 , with P[50] = 34 barrels est. Located in the Squadron block in PEL115.

[ELYOB]

[B)]For those confused about order of wells .....Bulldog-1 has been renamed HORNET-1 . First away next month !

Entek Energy joins JV under ASX code ETE out of LIO .

[ELYOB]

[]Todays ITC ASX presentation makes many points , one being that 6 drilling prospects are being readied for early 2005 programme . ITC have intimated that larger targets such as Sabre and Aircobra [ being upto 34 and 23 mmstbbloe respectively] are being prioritised .

BUT: the best presentation site detail for the JV can be seen ;

http://www.entekenergy.com.au/

then click on Entek Prospectus, etc.
then page 18+ The Independent Geologist Report.

[ELYOB]

starting to move up.........time to get in as drilling starts 23/8/04

[k1w1]

Do you hold any or do you just ramp a stock for pure enjoyment?