incremental announces 3c div, page-10

re: stockanalysis bullish on inky Entropylord,

What is your opinion of todays annoucement?

In my view IPM is still cheap. Annual profit is currently running at around $15m based on a production rate of around 1500bopd vs their market cap of $100m

While the delays are dissappointing, the result for well 36 appeared to confirm the potential. From 95ft (30m) of exposed USR well the flow rate was lifted by 36% to 99bopd. That indicates a lift of 26bopd from just 30m of USR well. From what I've read previously, when fully drilled they plan to have exposure of up to 200m which is over 6 times the amount of exposure it currently has.

cheers