re: inp - exploration to come - ian Currently drilling Cummin-1. No announcements for what they're doing after that.
If their last quarterly can be relied upon, they had $4.5m cash, and were planning on spending 4 of it drilling ... and thats about right for Flax and Cummin.
Thus, I wouldnt expect them to do more drilling without lining up more money - and they certainly need to do more work on Yarrow to get the flow rate up there.
Me, I prefer Cooper Energy at 24 to Innaminka at $1.10 ... I think some (but not that much, given 5mmbls and 35bcf in Flax) blue sky is already in the Innaminka valuation.
Ian WHitchurch
Ian Whitchurch
re: inp - exploration to come - ian Currently drilling Cummin-1....
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