IMO this is positioning ahead of their presentation at the good oil conference at 9:30am in perth.
The whos-who of the Oil & Gas sector will be there & IPB have an excellent story to tell.
Comparing to their peers (namely TDO) they're ridiculously cheap.
TDO mkt cap is currently 31m & they have nearology to CVN
IPB mkt cap is 14m & not only have nearology to CVN, but they're in advanced farm-out discussions which started in June & the T/O of Quadrant by Santos would have only put more interest in the space.
Tomorrow we may finally see the buying power needed to break in to 12-month highs given the audience they're presenting to.
Link to the conference program http://www.riuconferences.com.au/upload/conferences/goodoil2018/GO18 Onsite Programme.pdf
20c short term, page-293
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