For those waiting for this mornings gap to be filled, keep dreaming . That is definately a breakaway gap that'll only be filled if the oil price collapsed to half of what it is now or if the field ends up not being anywhere near as large as the company believes .
The management say 1000 bopd near term . So from that I expect 2000-3000 bopd is on the horizon .
It'll depend on production storage facilities but 2000 barrels is "off the shelf" equipment (according to a competitors onshore production comments) and the Cooper is not new ground so there is possibly ample second hand equipment also . I would assume INP could be a 4000-6000 bopd producer within 3 years .
5000 bopd = approx eps of 40 cent per share per annum, if gross margin is $35 per barrel and no more shares are issued .
If the gross earnings get to 40 cents per share shareholders may see a shareprice north of $4.50 . That would mean a PE of just over 11 .
Those buyers in the $1.90's may feel sad today but they may be smiling some day if it is all as good as the announcement declared .
INP Price at posting:
0.0¢ Sentiment: None Disclosure: Not Held
