Lets have a what if again of production of 2000bopd.
Thats 800bopd to Impress.
And let us presume that this happens by October 2009.
I believe it will based on asx announcements and fundamentals derived from that..
Then have your play with Tapis and the Aus dollar x 800.
Then times 350 days a year.
Thats the revenue Impress gets less costs of royalties,Admin, production costs, and ongoing exploration.
Impress has budgetted 10 mill for the current year.
Eddie was the presenter, unfortunately ITC is low key in Tip sheets etc at present. Impress is a current sleeper.
Blue Sky is apparent to any who have continued to buy or hold Impress.
I am of the opinion that Impress JV. has a high potential of between 3000 and 4000 BOPD Gross within a 12 month timeframe.
I have more money and shares in Impress than any other share or stock I hold.
Sellers at 5 cents.
Someone is a seller.
A 1 or 2 million shares sold a day is only a turnover of about .25 of a percent of shares issued. The base line for now is 5 cent shares. Where is PE on that basis with a 800bopd income within 60 days, 247
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