evm...considerable upside.. hi
Stock Analysis have done an excellent valuation on IPM.
if you can get a copy well worth looking at.
one might even say they use conservative figures..(A$20/bbl (US$15/bbl).
""assuming a conservative recoverable reserve at Selmo of 10 mmbbls and applying an NPV of A$20/bbl (US$15/bbl) produces a target valuation for IPM of about $2.63 per share (fully diluted).""
even a good chance of a divvy this year..icing on the cake.
only slight problem short term is recent drilling with (OEL) as yet no final details on drilling results due too bad weather..if found not to be commerical punters might sell..so we could see it retrace based upon that.
shall be looking at buying a few shortly..
regards
IPM
incremental petroleum limited
