incremental announces 3c div, page-12

re: stockanalysis bullish on inky Hi Entropylord,

I agree with what your saying. As we know the major negative is that 3 of the 6 planned wells have been delayed until next year.

Looking at the positives, they will still be able to test the USR on 3 wells this year of which well 36 is currently underway.

I spoke with the comp secretary yesterday arvo and they were encouraged by the result they got from USR1 on well 36. Considering they got a reasonable increase from only 30m of exposure (and that is the 30m you would expect had already been well drained from the existing vertical well) there is reason to be optimisitic about the increase that USR2 may deliver.

And then hopefully this can be repeated on the other 2 wells.

IPM is a long term hold for me also.

cheers