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From the INP website:

"Latest Breaking News
Innamincka Petroleum advises that a Trading Halt has been granted whilst the details of a capital raising are finalised.

Following on from the success of the recent drilling and fraccing program, the company has been developing a forward plan to hasten the development of the Flax oilfield and pursue other exploration and development targets within it’s Cooper Basin permits.

Innamincka’s initial production target of 1,000 bopd from the Flax oilfield by mid 2008 remains a focus with recent results giving confidence to realisation of this goal."