IPM incremental petroleum limited

incremental announces 3c div, page-8

  1. peterdoobes
    2,470 Posts.
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    17/09/06
    12:44
    Post #: 1799596
    re: stockanalysis bullish on inky I still like IPM for several reasons:

    Cheap based on its reserves
    Already in production so no worries about large cost blow outs
    Plenty of opportunities to increase production via USR drilling, new wells, bringing on old decommissioned wells etc
    They own their owns rigs (two workover rigs and one larger rig for drilling news wells and USR drills)
    Longer term we could see another field purchased
    IPM Price at posting: 0.0¢ Sentiment: Buy Disclosure: Not Held
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    lightbulb Created with Sketch.  Great analysis
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