Dargie,
Yep, At a rough est. I reckon these last three are worth well over 10 bcf net to IPM. If I"ve read between the lines correctly to arrive at that, and very conservatively say worth A$2.5/GJ, A$25mm NPV. Approx 75mm shares, 33cps value added, and they are STILL DRILLING, plus already had gas before these three.
Selmo shares would be a steal at $1, IPM shares at $1 are a lunacy.
Got another 40k at 99 today. Will probably only hold these ST, way overquota on this one.
Don't listen to me though, I am a luny, and will buy shares at luny prices. DYOR.
EL
IPM
incremental petroleum limited
Dargie,Yep, At a rough est. I reckon these last three are worth...
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