The Cooper oil component is valuing up in VPE...flow on to ITC with 40% stake...VPE...market looking at more value were Western Cooper oil permits to combine. That, AND waters settling and big drill program post Christmas to add wells and add cashflow fast...could be 80-90M pa for years for 100% holding. A winning combination...also as Tui notes, ES has flagged he is willing to sell his ITC stake at the right price...and I should guess he would support/bless any such offer to other Top 20 / holders. IMO, some form of combination is underway now.
ITC Price at posting:
6.2¢ Sentiment: Buy Disclosure: Held
