Looking fwd post (possible) amalgamation VPE / ITC = reborn into Senex
I see that "Guttedsquid" recently wrote this on VPE thread...
"Interesting peoples.
I read with interest as an ITC holder.
Slampoil - why did VPE then buy PEL 182 which is north east on trend with Snatcher if they don;t want the oil. That happened not long ago. I might add it happened a week before they announced board changes but they still would have had to approve the. purchase
I am not sure whos right but I just feel the oil is integral , well at least for now"
Does ITC hold any pel 182 or is this a new extension planned for the field? VPE may be looking to get a very large field and control 100% of it. 100% control is very important, in fact KEY to VPE's development AND to unlocking the oil fields real VALUE next.. Interesting times ahead for both sets of holders.
Glad Eddie is a king pin in this AND VPE is a friendly - offer when it comes should be reasonable and good.
Final thought today. Will there be any 2nd offer emerge, re Zero strategic strategic entry a few months back? Who else is nearby or could be interested? May have to hit google and the quarterlies tonight as I been following the TA not the FA. Both are good to understand.
Cheers all and have a great weekend.
ITC Price at posting:
5.2¢ Sentiment: Buy Disclosure: Held
