Can't see it stopping under 40 cents once the new team start making announcements.
Page 4 of the AGM Presentation is worth reading.
They plan to become a top 10 Australian Energy comoany by 2015.
? A full cycle E&P company focused on oil ? We will be operator wherever possible and will ?right‐size? our working interest to manage risk ? We will build a fit‐for‐purpose mature field operator with outstanding technical skills and a low cost culture ? We will start our build in the Cooper Basin ‐ where we have a competitive advantage ? During the first 18 months we will: o add selective quality assets with near term exploration prospects o work our Flax/Juniper asset hard ‐ focusing on production optimization, comprehensive completion review and trial wells ? with a goal to substantially increase production by end 2012 ? Upon achieving suitable value growth in the company we will consider selective M&A opportunities if appropriate
Worth hanging on for the ride and very cheap under 19 cents.
Cheers all,
INP Price at posting:
16.5¢ Sentiment: Hold Disclosure: Held