CLE 0.00% 0.1¢ cyclone metals limited

iop (international petroleum) on the move

  1. pjn
    123 Posts.
    Good Evening Viewers.

    There has been much discussion as to what T.S. may be up
    to, this time, in the U.K.

    With all the great news trickling through, it certainly is looking like,
    yet again, CFE is heading for some serious time in the sun.

    Further, and in addition to all of this, it appears some
    major breakthrough is happening with... IOP.
    (International Petroleum Ltd).

    http://www.intpet.com.au/

    Yes, CFE are still involved, all be it with a disclosed
    holding in the top twenty of 2.82% (26,832,539 shares).
    Tony Sage is shown to have a personal holding as well.

    A very well written, concise and most interesting 1/4ly
    report is now available to read. (10 - 15 minutes max)

    http://www.nsxa.com.au/ftp/news/021724869.PDF




    Some of the many highlights from this quarters report...

    1) A capital raising has been announced as over subscribed.
    2) Drilling is continuing in numerous regions.
    3) Global sharemarket exposure via being listed in the USA!



    The mistake to be made is thinking that a tiny 3% holding
    nulifies any real benefit for CFE.
    Rather, it would seem many good contacts will have been made setting up this deal for IOP. Not only here in Australia, but also in the USA, UK and C.I.S. (Russia).

    Below are a couple of excerpts from the report.



    OTCQX is the top tier of the OTC market, providing International Petroleum with exposure to U.S. institutional and retail investors.

    With the progress International Petroleum has made, with its discoveries of commercial quantities of oil in
    both exploration wells that it drilled at the Krasnoleninsky Project and the Company’s plans to produce

    oil during 2012 from these two wells and also from the wells at the Vamarov Project, trading on OTCQX will
    bolster International Petroleum’s presence in the U.S. and give investors a broader opportunity to invest in
    a progressive oil exploration and production company.


    So, lets see how this piece of the T.S. - CFE puzzle goes now.

    Thanks For Your Time.

    PJN
 
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