Well, i made a comment recently, just a month or so back,...

Well, i made a comment recently, just a month or so back, figuring they would do this consolidation sooner rather than delaying it until later. I was guessing then that it might be a 1:10 or 1:20 deal. And now it is likely to happen ...right in the middle at 1:15.

You can understand their timing being ripe now for consolidation. It has been overdue for years for IMP, but there hasn't been enough good foundation support to warrant a rationalisation of the shares.

Now there is good reason to do it, because the underlying highly prospective nat' gas land investment $value (that IMP has acquired for less than a song) is solidly there + current productive wells + old wells being brought online + designated high-percentage-successful well sites lined up for drilling when prices are right ...and they have locked in good hedged sales of gas into the future (well above current spot market prices).

In general terms does this mean that 2billion shares total IMP shares will now be around 133million ...or less? I am not fully sure just exactly how many shares are currently on issue. I think there are about 1.88billion. So with a 1:15 that would be around, 125,000,000. Others here might be able to supply a more accurate figure.

I guess the percentages of the stable ownership pie will remain the same at about 50%. Just guessing but that might mean around 40-50% of shareholders, might be interested in trading their shares, if prices become volatile?

So, the trading might have some more volatility to it now, if the Consolidation is approved ...which is possibly what IMP has needed for years...

The big buyer last Friday, must think that the rationalisation might have an upwards profit to be made.

WHO WAS THAT BUYER? Motors ...do you know, from your sleuthing?

Let's see now ...15 x .007 is likely to translate into a new consolidated market price of 10.5cents.

The Options offering to Macquarie is initially 0.12-13.5 cents by December 2011?

So, Macquarie must surely be figuring that the IMP share price of 10.5cents is more likely to go forward to something like 15-20cents ...if they are happy to take this offer as presented by the Management (in concert with Macquarie ...no doubt).

Will be interesting to see if some panic sellers, drop the price of IMP initially and make the swabbing up of some bargains a worthwhile option to consider ...prior to Consolidation.