20c short term, page-93

Another element in the IPB story, as it unveiles, is the ground work in place.
Estimates on prospective drill (2019): costs, volumetrics, approvals, price per barrel ect.. (announcements and presentations).
Of course, first one needs funding for a drill, then news of commercial oil find ect ect.
The point being, with a farminee a possibility.
If MC continues to rise, a new possibility arises as management and board must be aware of. That is, does one go in alone and retain 100% ownership of asset (s), via a raise?
Further incentives?
No JV partner to negotiate with.
So, timing and contractual autonomy.
Not to mention, if successful, a hell of a lot of ‘black gold’.
Leverage?
More and more as IPB’s MC increases.
Disclosure: the above is simply one of many possible/probable outcomes.
Many other options exists.
Time will tell.
Enjoy the ride holders.