I think its a smart and quick swift move by Beach. Thumbs up.
Impress has quite good production levels for a company of its size (esp. looking at its market cap). Esp, when Impress is a partner with VPE in many oil permits (looking at the market cap at VPE is over $200m).
I think Beach has scored a bargain and luckily has support of the board of Impress.
In addition this expands Beach's reach in the Cooper Basin. VPE is on halt due to capital raising, maybe they were keen on Impress as well. Beach had to act quick.
beach and impress to merge, page-4
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