bargain buy or too risky a play, page-12

re: hope this helps to value imp atm xanadu242,

I cannot make any calculations on the information you have supplied.

If you want us to accept your assessment seriously, and not just consider it blind optimism or hype, you are going to have to back up your claims with much more information and clarity.

One of your statements was :

"Now the average hole at fairberg is close to 500,000 thousand cuft per well or better. x 10 is the amount of holes drilled on our lease so far"

AND

"As I said before It's to big to write and put on HC but if you look at the comparisons and a bit of lateral thinking you can see its as good as bo derek (not quite I think)".

What comparisons?

We need a bit more than that.

You have to consider a number of factors when deciding if the wells are going to be economically viable for instance:

1. Quote the flow rates in comparision to other flow rates of comparable successful drilling operations in the area. For example the flow rate of imp is XXmmcfd compared to XYZ company with XXXmmcfd

2. Estimate the recovery costs. Drilling is only part of the cost. There are many other costs involved before the gas can be pumped into the grid. For example different equipment is often required for different flow rates for each well. Removal of water mud etc can be costly if there in large quantities or make the project non viable.

Until the company supplies the facts we have no hope of considering if IMP is a worthwhile investment, or judging a realistic share price.

Have a look at the announcments put out by Bemax and you will see what is required to establish credibility.