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