IMO ITC certainly haven;t got the means to take out VPE';s interest and do agree that the CSG assets will be split. I think VPE see the oppurtunity now and probably hoped to have their certification done earlier and so be able to sell out to BG. Thats where the capital is the exploit the fairway.
VPE taking a stake to earn money from the oil doesn;t really make sense as they will only make money on the sp and not on the oil as ITC won;t be declaring any divies for quite some time as their money will go into further exploration. Selling down that amount of shares would be very difficult unless there was another party.
ITC Price at posting:
6.5¢ Sentiment: Buy Disclosure: Held
