lets see, page-3

A friend of mine was at the Good Oil Conference. It was noted there that the gas targets/project that IPM and Otto could be very profitable at US$9 per mmcf that has prices are in Turkey.

Ever since IPM gave their presentation, the price has pressed on ahead. Someone must like it.

Also it was pointed out that the company can spend its royalties on exploration instead of giving them to the govt and also the new tax regime for oil and gas in Turkey will add $2.5M to its profit each year.

IPM may not have the sex appeal of some of the US stocks, but you could do a whole lot worse than this company.