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Message: Ithaca poised to break to the upside in a big way

Ithaca poised to break to the upside in a big way

posted on Mar 17, 2010 09:45AM

IAE has been on a run as of late. Those who invested in this company when they were first drilling Jacky would have seen a 5 bagger so far.

With news from Stella maybe a month away and financials due end of the month, I can see 2.50 as a target in the short term.

Now they are moving ahead with Athena which could add another 5,000 boed by mid 2011, this would replace any flow lost when jacky is depleted.

Ultimately I am looking for a 5.00 share price in the next 2 years, if oil goes above 100.00 a barrel as some have said recently, it could get much higher

Andy

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