Mjlet, The Directors of VPE are well aware of the value of their oil assets. If they weren't why did they do a deal with BOW/BG to increase their holdings from 40% to 60% ??
And now the VPE Directors have decided they want more of this fairway. For the reasons I outlined earlier tonight. Makes sense to me.
If they can get 100% of ITC and develop it up over the next three years, then VPE can sell it on to a Santos or the like for a huge premium. And I am sure Sir Eddie can see the value in that.
ITC Price at posting:
6.5¢ Sentiment: Buy Disclosure: Held
