IMP imperial corporation limited
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As I have said before, these fields are practically worthless. I...

  1. Montythedog
    331 Posts.
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    25/09/06
    16:36
    Post #: 1814155
    As I have said before, these fields are practically worthless. I know this comment will be met with an avalanche of criticism, but do the maths people. In simple terms for every 10 wells IMP pays c. US$2m in drilling costs upfront for c. $3.7m in net cashflow over 10 years ie return of capital plus a very moderate return on capital.

    In my view IMP is not worth 1 cent, including the BMX shareholding, but just my opinion

    Cheers Monty
    IMP Price at posting: 0.0¢ Sentiment: Sell Disclosure: Not Held
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    lightbulb Created with Sketch.  Great analysis
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