Reading Beaches quarterly this morning it appears that the jv has agreed to the following:
More production wells Injector wells Flowline
This will net Beach 500 barrels. They have 20% I think. So that means they are targetting a further 2.5 mill barrels gross from the field.
In our annual report and quarterly it was discussed that we were in discussions to be a part of this, that is injector wells and flowline. I wonder if an agreement has been made, at least at JV level.
This is a good sign for ITC.
ITC Price at posting:
5.7¢ Sentiment: Buy Disclosure: Held
