Spot on Turtle Boy. VPE are not interested in owning the oil. Their focus is all about proving up the 2P coal seam gas reserves and then getting taken out by BG. I would be amazed and shocked if VPE bid for ITC. I can ses a scenario where ITC buy out VPE's 60% share of the oil fairway and Dry Hole John moves over to ITC (he is an oil man). VPE are then purely focussed on CSG and a cleaner company for an eventual BG takeover. Just my thoughts.
ITC Price at posting:
6.5¢ Sentiment: Buy Disclosure: Held
