IPB 0.00% 0.7¢ ipb petroleum limited

20c short term, page-328

  1. wot
    3,384 Posts.
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    do some research.. everything is a long way off.. hence no logic for a late spike 11/09 besides another pump..how long you been watching this?? IPB commenced a renewed farmout process towards the end of the 2018 Financial Year. Renewed - i.e. they have been looking to farm this out for years.

    Insto presentation spells out timelines clearly, so not sure what you are talking about?

    - Proposal to be drilled in 2019 – (if farmout completed sometime in next 6 months)
    - Assuming a successful farmout - timing is estimated to take between 2 and 6 months for a
    signed deal. Timing driven by farminees, and terms can depend on competition.
    - Timing for drilling to take an estimated 6-12 months from a successful farmout as minimum 6 months required to achieve Environmental and other approvals.

    But yeah, it's coming next week mate.. I thought there was a chance, then I read that early data reviewers had walked...

    Just in case - it implies that here "The company has received complimentary feedback from a number of larger companies on the quality and thoroughness of our technical and commercial work, even from those, who for strategic reasons, have elected not to continue with the process."
    Last edited by wot: 11/09/18
 
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