well it must go on the bottom line I suppose.
Also their gas farm in with Ottoman has gone really well. Their share of the 5mmcf a day production will be more than just a little pocket money. And the $3M they spent farming in was dead money anyway as they would have had to pay this away in royalties. Turkey has a rule that if you spend you royalites on exploration, you don't have to pay that royalty across to the govt - is effectively a free shot, and they got a hit for their free shot. I am impressed by the business like way this company is being run.
IPM
incremental petroleum limited
