exert:the 3D seismic data is of excellent quality and interpretation of this seismic data has resulted in vicpet defining 25 drill targets within the target Birkenhead formation,oil productive at the Growler & Snatcher oil fields. An unrisked gross potential recoverable oil reserve of up to 21 million barrels is interpreted for these targets if oil is present.
08th June 2010 VPE re: "25 birkenhead sandstone targets defined by the 2009 3D mollichuta seismic survey".
An unrisked gross potential recoverable oil reserve of up to 40 million barrels of oil is interpreted for these targets ,oil productive at the growler and snatcher oil fields if oil is present.
Is it just me or is VPE the luckiest investor ever? Buys stock in a company drilling for a possible 21 million b/o A few weeks later the figure jumps to 40 million B/O
I wish I was that lucky????
Deliberate luck..man you gota love it,I say Eddie let them get on board, they are gona do a deal its inevitable. If not why would Eddie allow this very obvious timing by VPE..
Eddie wont do a deal until a lot more value is proven for his and ITC's benefit,plus VPE shareholders will need to see way more proven value in this fairway to warrant paying such a large sum for ITC's stake...AND I MEAN LAAAARGE :)
Still a ways to go yet....
ITC Price at posting:
5.2¢ Sentiment: LT Buy Disclosure: Held
