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."
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