Another way to look at it is... VPE will take over ITC with a script/cash deal when it has; 1)Enough money to wait out the current situation. 2)Higher SP
British Gas (Not BP) will buy the CSG assets when certification process is further advanced as they have done with previous companies. VPE will have plenty of cash to buy out ITC and buy up more acreage on the Western fairway to develope the oil production.
The interesting part is VPE major share holders are interested in gas projects and will properly sell out and go onto the next gas project when VPE's CSG assets are gone. This then leaves VPE as the takeover target!
Just IMHO and a Sunday ramble...
discl.Hold VPE
ITC Price at posting:
5.1¢ Sentiment: Buy Disclosure: Not Held
