Happy I hope we are sooner than later. More and more I am of the belief that a merger of some sort is the most likely scenario. . Sir Eddies Nov 2009 chairmans address made mention of the following
I also note the re]emergence of interest from a number of Cooper Basin participants including Drill Search and Beach in the proposed development of both conventional and unconventional gas deposits in the Cooper Basin that are adjacent to Impressf permits. Although our short and medium term focus remains on our oil assets, we also take further encouragement for the future from the numerous Permian gas prospects and leads within our acreage and the gaseous coal measures encountered during drilling of many of our oil wells.
Just another reason why some m&G or merger and acquistion is going to happen this year. IMO. VPE will struggle to meet all drill commitments without some sort of injection of cash . After studying various other scenarios of previous other company splits and mergers and acquistions I believe of a posibility we will be offered a reasonable premium or shares in a new listed rebirthed company after a split or merger. Arq with Awe etc. Target time Oct/Nov........... 247
ITC Price at posting:
5.2¢ Sentiment: LT Buy Disclosure: Held
