Ann: Investor Update Presentation, page-3

Agree, good presentation.
Of interest, last time the directors increased their capital interests was 2014. Although proved to b a duster at the time, the SP quivered around 30 cent mark.
Bullish as well, each well is different and prospects (Ann) suggest a low cost drill, low cost infrastructure, and great yield upon oil discovery backing on cost/sale of a current trend of POO.
Of course, a farmee is essential or even a placement to secure the needed funds as current position can’t support needs (even with 1 to 1 CR ., approximately 3-4mil max at current SP).
As a throw out line, IPB is currently in a position for a potential take over bid (low ball). I’m sure management are aware of all the above and beyond.
Happy to hold and keep accumulating as funds become available to me.
Thoughts by others?