was trying to round up some more cash today and buy more inp but i've exhausted all avenues. quite a remarkable decline from the capital raising a few months ago when oil was trading at $85 since then, flax 5 & 6 have been confirmed as future oil producing wells and both wells exceeded pre drill expectations. flax 6 also suggests the possibility of a greater oil column in the Flax field than established by the Flax East 1 well. fast forward a few months and the market has capitulated and inp down about 40% from the november capital raising although the price of oil is surging towards $110 ($115 for tapis). this company is sitting on the biggest onshore oil discovery in australian history yet the market doesnt want to know about it.
INP Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held