IMP has a market cap of 15 mil with 12 mil in the bank NZ based trades on ASX has just put out announcement about it having 300bcf in one area. Huge drilling program 3 well in june followed by another 5 with 3d siemic shot over other areas.
The big kicker for me is NZ gas is sold at lot higher rate than ours close to the Henry hub spot of 11.67 us while ours is sold at a third less domestically. They have had expressions of interest by significant parties to buy any gas it can supply they also are oil explorers and have big tenements for oil and big coal tenements hope this helps I was impressed.
GAS Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
