Hi Folks,
The wacky races of the ASX are on. Value given away.
Excellent QR released today, revenue and production both up 18% in $A. Good drilling outlook included.
On today's 93 cents this years PE shaping up between 4 and 4.5 even allowing for current poo for the Dec Q.
New projects producing next year, more predictable as well as bluesky growth. McFlurry drilling (2 gas wells Nov/Dec), then 1 oil. Plus we have the oil wildcat in Turkey coming up.
I don't see why we should want to trade all this for a share of COEs roulette wheel, and their equally illiquid paper. Not sure how they would even find a clue to manage our assets.
EL
IPM
incremental petroleum limited
