IMP's Quarterly Report looks good.
They have grown their Cash Reserves to $8mil despite spending money on drilling more succcessful wells.
Well 16 is now also successful, so that continues the 100% success rate so far. 8 more gas wells to be drilled in this allotment, so that will be interesting to follow.
Now let's see ...with $8mil in cash ...$2mil+ to come, from sale of shares to the top echelon of shareholders in the company ...$100mil from Macquarie Bank available ...and approval from shareholders to also allow the remaining shareholders a piece of the action within the next 3 months...
...it seems to me that we won't have to wait much longer before the deal is clinched in buying a nearby bigger Gas Company.
That should put IMP in the position to be listed on the US Stock Exchange, with subsequent increase in demand volume for the shares...
...anyone else see it this way?
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