Two important statements in that announcement - firstly they state they'll be another announcement concerning their development and financing program towards the end of this month - you can read a placement/SPP into that probably to replenish the coffers. Secondly,the statement that they'll be ultimately seeking a listing on a North American stock exchange - you can read a listing on the Toronto Stock Exchange in three to four months. Good to read about their oil hedging program.
IMP Price at posting:
11.5¢ Sentiment: LT Buy Disclosure: Held