margin selling, page-14

Well the $100mil Macquarie Bank line of credit is working well at only 8% interest rate...

...wish i could get that rate for the real estate arm of my investments.

Anyway, it is helping smooth the cost of drilling of these current wells ...which are around, less than $200,000 a pop ...because IMP is using its own rig and team.

The wells used to cost $250,000+ when IMP was using an outside contractor PLUS the contractor got in on a percentage of the successful well.

With the $14Mil coming from BMX in the next week or so ...they will be able to pay out their longterm debt of $4mil and be sitting pretty.