Yes Dazzler, i have to agree with you ...and the income ($200k) plus bonuses for Bruce McLeod totaling $440,999 is outrageous.
It is a singularly low key report and very different from what i expected.
The only bright ray within the report was the fact that Reserves are now $8,100,231 and Total Equity is sitting at $12,532,012.
I am listed in the top 20 shareholders ...so tomorrow i'll be asking why the understated Report?
What are the plans for these next 13 wells?
What is the likely income flow for the next 12 months, given that IMP is now out of debt and has $8mil+ in the Bank.
I notice the shares today are hovering at 0.009 with demand trickle increasing at that level ...so once this Bill passes the House of Representatives in the USA for the $700bil ...i hope that IMP time their next announcement to take advantage of the probable lift in morale.
If the Bill doesn't pass, then maybe IMP would be best advised not to drill the next 13 wells, but to hunker down with their cash reserves healthily in tact and to take advantage of the higher winter prices for Nat Gas when they hit.
Conservatism in governance of Companies seems to be the future theme arising at present.
IMP Price at posting:
13.5¢ Sentiment: Hold Disclosure: Held
