eight new explorations licences in turkey, page-4

Jojo,

Got no funds myself, spent out on COE and IPM recently, but in both cases heaps of upside and very low downside.

IPM now looking to be quite an exploration story. It will be great to have the cashflow from West Turkey gas to add to that from Selmo, as we want to keep the divi's up, as well as pay for the exploration/development.

This must be THE current sleeper amongst ASX oilers imho. Even COE has come 20% off the floor (40% if you look at EV), IPM only 10% with a heap of positive news.

EL