IPM incremental petroleum limited

http://www.theaustralian.news.com.au/business/story/0,28124,24555...

  1. kentbrock
    643 Posts.
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    27/10/08
    08:32
    Post #: 4431857


    http://www.theaustralian.news.com.au/business/story/0,28124,24555448-5005200,00.html

    Excerpt:

    "INCREMENTAL Petroleum, which is defending a scrip bid from Cooper Energy, is expected to announce a big reserve upgrade to its Selmo oil field in Turkey today.

    The upgrade is understood to have added about 5 million barrels of oil to proved and probable reserves.

    Incremental will also announce it is looking to find "alternative transactions" to the Cooper offer that have "genuine synergies". "
    IPM Price at posting: 93.0¢ Sentiment: Hold Disclosure: Not Held
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    lightbulb Created with Sketch.  Great analysis
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