I certainly hope so.
In terms of reserves, IMP has 1PV10 gas reserves of $100M (more if you factor in the slow decline of the wells and do a 1PV30) - the shallow wells not affected by the NY ban on hor. frac.
Management slackness at getting attention plus all assets being US + complexity of analysing the assets given their uniqueness (multiple formation gas wells) + ban in NY - this stock doesn't make me optimistic this is going to end up on anyone's radar anytime soon.
Management also history of not giving anything to shareholders but paying themselves a nice fat salary.
The only thing that will save these guys is a dividend.
s
I certainly hope so. In terms of reserves, IMP has 1PV10 gas...
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