any offer ratio may be a click or two higher as Senex currently holds 60% (previously 40%) with ITC holding remaining 40% and also 50% (previously nil) of a new connected oil permit (acquisition noted in Senex's last quarterly)...plus portions of other larger holders (BOW and BG) CSG permits...
As noted above by another observant poster, with Senex adding cap daily, ITC will follow. The rise in Senex won't ALL be for shared CSG permits, but for the $90M in oil revenue next year...of which ITC still holds a nice large 40%!!
PS ES offered a board seat would be part of any offer IMO.
Would Beach or Santos have a go with / before any Senex offer, that would add extra spice next ; )
ITC Price at posting:
5.4¢ Sentiment: Buy Disclosure: Held
