imp 4th well success. news of 5th well due, page-2

Another windfall for IMP on the Nymex tonight 10.30pm, 18 June 2008:

"In other Nymex trading, Natural gas futures added 6.3 cents to $13.016 per 1,000 cubic feet."

So, that is very nice for IMP.

You'll have to re-adjust my figures in my previous post.

IMP has short hedged 60% of its gas at around $8.45.

But 40% of its gas and also from these new 18 wells can be sold at $13.016Mcf ...and this is only Summertime in the USA.

Just imagine what our little forgotten and overlooked IMP will be earning when those chill winds of winter start arriving in the Northern USA ...starting about 4 months time!