dissapointing for short term Must say I was dissapointed with the USR results. One wonders what the results of USD5.3 mm spent on more conventional approachs may have yielded.
Management are however proving to be clear, honest and comprehensive in their reporting, have identified substantial new potential, have prodn back above 1500 bopd, and appear to have the expertise to succeed, hopefully next year!
I"ll trust them as a good longterm investment, but unlikely to buy more in the nearterm, even though they are very cheap imo, simply can't see a catalyst for sentiment returning to oilers atm.
EL
IPM
incremental petroleum limited
