one other minnow

Your call.

Sydney - Thursday - July 14: (RWE Australian Business News) -

Impress Ventures Ltd (ASX code: ITC) has signed a conditional agreement
to increase its interest in the six Cooper Basin exploration and
production permits PEL 86, 87, 89, 104, 111 and 115 from 15 per cent to
27.5 per cent.
Impress has agreed to buy the extra interests from Tacnas Pty
Ltd, a fellow joint venturer, under certain conditions.
The agreement calls for Impress to pay $500,000 in cash and to
pay to the joint venture account the outstanding cash calls owed by
Tacnas, estimated to be $500,000.
In addition, Tacnas will receive 35 million shares in Impress
and a $200,000 convertible note, valid for two years and convertible at
8c a share.
Further payments are to be made upon certain recoverable reserve
milestones being met.
Impress chairman Mr Eddie Smith said: "ITC is pleased to
increase its interest in these highly prospective areas to a more
meaningful level such that any future success will have a greater
benefit to the company.
"The deal gives ITC a 27.5 per cent stake in the
recently-discovered Mirage and Ventura oilfields."
Shares in Impress Ventures fell 0.2c to 4.3c today