I suspect the reason a number of investors will stay clear of IMP is because of the association of Dr D Khan as adviser to the board.
His involvement in Wind Hydrogen and the fact that his involvement in bothsides of a transaction that involved transfer of oil leases,being purchased,with a his company getting a third free carry when WHN/WHL abandoned their interest in the girrard oilfield WHILE AN OFFICER OF THE COMPANY.plus collecting the lot when they abandoned their investment.
Basically while wind hydrogen officer,did a deal with Jetside petroleum on girrard,then same day onsold it to Wind hydrogen on lesser terms,with his co. getting from memory a third free carry for nix and being able to pick the investment up for nothing as the development terms for WHN/WHL were harsher.
Interesting fact was Jetside included their confidential agrement with Dr Khan in their sec findings,presumably to cover themselves,if things hit the fan,as atleast one complaint raised with asic.
Noted his quick exit from wind hydrogen and a month or so later his mention a an adviser for imp
would you be happy with him advising on any oil/gas investment/development?
Not one of them showed the realisation of supposed potential.
DYOR-you too may decide your moneys safer elsewhere.Google jetside, Dr Khan,girrard and then look at wind hydrogen announcements at the same time.
Note that jetside have never mentioned wind hydrogen as a partner in girrard
Ann: Acquisition Update and Drilling Program , page-37
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