IPM incremental petroleum limited

Is this Atesler prospect new?Maybe I haven't been following...

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    Is this Atesler prospect new?
    Maybe I haven't been following closely but I hadn't heard of it before.

    The annoucement says it could be worth $100 million to IPM. That's $1.27 per share.

    Is this right? Maybe I'm a bit slow today.
 
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Currently unlisted public company.

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