IPM incremental petroleum limited

Hi Folks,The wacky races of the ASX are on. Value given...

  1. entropylord
    14,224 Posts.
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    06/10/08
    15:19
    Post #: 4349398
    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 Price at posting: 94.5¢ Sentiment: LT Buy Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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