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yogi-in-oz

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:)

Warning ..... astrostuff ahead:

Hi folks,

ITC ..... as per post below, we are looking for
some positive news, around 15122005, where
2 time cycles slot into place.

Confirming that date, we also have a 50%
retracement of time for the previous upleg,
which also figures on 15122005, at 4.9 cents.

Key dates ahead for ITC, may be:

02-05122005 ... 2 cycles here ..... minor and negative news,
about finances (???)


15122005 ... 2 significant and positive cycles here.

30122005 ..... minor and positive.

Meanwhile, would like to see a test of 4.5 as support
and a healthy bounce, with good volume to confirm
the lows ..... :)

ITC chart attached may help to clarify our
astroanalysis, a little further.

happy days

yogi

P.S. ..... holding ITC.

:)
 

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hi all
thought id bring this to your attention, small oil producer 40% cooper basin, a few drills comming up and looking to increase production to 1000bpd there share 400bpd by end june this year through the mirage oil discovery, some other potential drills in 104 and 111, chart is seeng a little action, wild cat announced friday did not come in for them, but succefully tested the murta oil sands for a greater mirage oil concept, regards beach, there partner is VPE 40% ITC 40% and ROMA 20 %,
 
Ann. today re Growler 2 progress report ...

Including ...

Commenting on the drilling at Growler-2, Victoria Petroleum NL’s (Vicpet) Managing
Director John Kopcheff said:
“Victoria Petroleum is pleased to be drilling its first appraisal well on the Growler Oil Field.
With the test results to date for Growler-1, we are encouraged that good oil producing rates
are achievable from the Birkhead reservoir sands in this area.”
“The current production characteristics of the Birkhead oil sand if further confirmed by
Growler-2 could lead to a large development drilling program of the same style as the
successful Santos “Cooper Oil Project”, although it is early days yet for this area.”
“Exploration success at Growler and Wirraway maintains our 100% exploration success
rate in PEL 104 and further confirms our belief that a new Jurassic “Oil Fairway” and oil
production province with the potential for an in place oil reserve of up to 100+ million
barrels of oil is present in the western part of PEL 104 and our adjoining PEL111 permit, if
oil is present”

“Thirty two prospect and leads have been mapped as follow up targets in PEL 104 and in
the immediately adjacent permit to the north, PEL 111 lie in the Jurassic “Oil Fairway”.
“Given the current exploration success rate, Vicpet would expect to enjoy further
exploration success in the ongoing 2007 ten well Cooper Basin drilling program as
encountered at Wirraway-1.”
“We look forward to encountering further drilling success in the Growler-2 appraisal well of
the Gowler oil discovery”
 
2 anns. today
Any thoughts?

http://aspect.comsec.com.au/asxdata/20070711/pdf/00738089.pdf

Some of the ann.

Commenting on the drilling at Growler-2, Victoria Petroleum NL’s Managing Director John
Kopcheff said:
“Victoria Petroleum is pleased to be drilling its first appraisal well on the Growler Oil Field.
With the test results to date for Growler-1, we are encouraged that good oil producing rates
are achievable from the Birkhead reservoir sands in this area.”
“The current production characteristics of the Birkhead oil sand if further confirmed by
Growler-2 could lead to a large development drilling program of the same style as the
successful Santos “Cooper Oil Project”, although it is early days yet for this area.”
“Exploration success at Growler and Wirraway maintains our 100% exploration success
rate in PEL 104 and further confirms our belief that a new Jurassic “Oil Fairway” and oil
production province with the potential for an in place oil resource of up to 100+ million
barrels of oil is present in the western part of PEL 104 and our adjoining PEL 111 permit, if
oil is present”

“Thirty two prospects and leads have been mapped as follow up targets in PEL 104 and in
the immediately adjacent permit to the north, PEL 111, which lie along the Jurassic “Oil
Fairway”.
“Given the current exploration success rate, Victoria Petroleum would expect to enjoy
further exploration success in the ongoing 2007 ten well Cooper Basin drilling program as
encountered at Wirraway-1.”
“We look forward to encountering further drilling success in the Growler-2 appraisal well of
the Gowler oil discovery”
 
This has been the same message delivered to investors over the past couple of weeks with the exception of the depth. Great to see a company keeping the investors in the loop. With 500 metres (rounded) drilled over the weekend and now only 60 metres to go until planned depth for Growler 2, would hope for the next ann on Friday or Monday. :2twocents
 
ITC is impressing me right now. Good drill on Growler-1, and have punctured a 21m oil show at Growler 2 some 705 metres away!

Looks like we have a real oil field in the making, from reports it seems that this is quite safely a 4mmbl barrel field to about 7mmbl@P10

A conservative 10% in ground value at $40 profit a barrel sees a value of $16 to $28 mil, or

$6.4 to 11.2m for the companies 40% interest.

Present market cap of $33 million.

Currently earning cash as well - about $4mn a year from Mirage and Ventura fields and heavy exploration of 20 mapped prospects and leads in EL 's 104 and 111. EL 115 also being explored.

The Jurassic style play in EL 104 and EL 111 are estimated by the company to be prospective for 100mmbl oil.

edit - I chose ITC as it offers lower cost entry into the Growler field than VPE. RPM also offers low cost entry, 20% stake for MC of 14m.
 
There’s also been recent purchases from directors in the last month. More than 2000000 shares. Given the share price, I’m sure it doesn’t amount to much, but it’s a positive sign
 
Well, I reckon if the Chairman can pay $300,000 for shares this year - buying when the share price was falling - it means something, imo.

Price is 7.4c.
 
30 Jul 2007 14:04 !
VPE: Production Casing at Growler-2 SA Cooper Basin 30 July

Check out the latest. All looks pretty good imo.


“Victoria Petroleum is pleased to have run 7 inch production casing and going straight to a cased
hole production test of the gross 15 metre oil column interpreted as present in the primary Birkhead
Sandstone target for Growler-2, the first appraisal well on the Growler- Wirraway Oil Field.”
“With the production test results to date for Growler-1, we are encouraged that good oil producing
rates are achievable from the Birkhead reservoir sands in Growler-2.”
“The current production characteristics of the Birkhead oil sand if further confirmed by Growler-2,
could lead to a large development drilling program of the same style as the successful Santos
“Cooper Oil Project”, although it is early days yet for this area.”
“Exploration success at Growler and Wirraway maintains our 100% exploration success rate in PEL
104 and further confirms our belief that a new Jurassic “Oil Fairway” and oil production province
with the potential for an in place oil resource of up to 100+ million barrels of oil is present in the
western part of PEL 104 and our adjoining PEL 111 permit, if oil is present”
“Thirty two prospect and leads have been mapped as follow up targets in PEL 104 and in the
immediately adjacent permit to the north, PEL 111 lie in the Jurassic “Oil Fairway”.
2
“Given the current exploration success rate, Vicpet would expect to enjoy further exploration
success in the ongoing 2007 Cooper Basin drilling program as encountered at Wirraway-1.”


Current price 6.6c
 
Ann. today

Eddie Smith bought more shares!

On 20 October he purchased 2 million on market at 4.4c.

I must say, I admire this confidence.

He now holds nearly 40 million fully paid shares.

LOL.
 
Well, well. Eddie Smith keeps buying shares in his company.

See ann. today. He purchased another million shares on market at 4.3c!

Share price, 4.8c, up 9%.

:)
 
Re: ITC - Impressive ... Oil in South Australia

Announcement

GROWLER OILFIELD COMMENCES PRODUCTION


We Have Now Reached a Major Milestone

Both Growler wells were opened to natural flow on 12 March and were flowing at a combined rate of 100 BOPD. The pumps will be installed over the next few days and once this work has been done the production rate is expected to reach 300 BOPD.

...


Growler Extended Production Test (EPT)

The natural oil flow from Growler-1 & 2 marks the beginning of the EPT and is a significant step
forward for Impress. Based upon well data, initial gross production rates of 300 BOPD from the two
Growler wells is expected during the EPT period.
Information from our external consultants indicate the Growler Oilfield on its own, at a confidence
level of P50, contains 7.7 million barrels of oil in place, with an expected recovery of 1.6 million
barrels.

On confirmation from the EPT of the field’s productivity in the first quarter of 2008, it is Impress’
intention to suggest that the Joint Venture, as a priority, concentrate on the first phase of the Growler
Field Development by drilling further wells and developing facilities with the expectation of achieving
production levels 750 BOPD.



4.2c.
 
I'm just a little concerned about the Queensland flooding affecting the Growler Production Road.

Bought in at .043, sunny days.
 
He has done it again, 3.3 million shares acquired up to 46million held, this can only mean good things...right?

Sorry for double post
 

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