re: grahamc58 short term everyone seems to be bailing out.
But if you are a medium term investor (and also if you want some dividends because their dividend payout policy is 50% of 2007 profits) then this is an ideal entry point.
A lot of what this company is up to is trial and error. But they have minimised their costs by buying their own drilling rig, so they can drill away to their heart's content in 2007.
As long as they can keep the current production ticking over through the winter and let the cash build up slowly again, well that will be fine by me.
IPM
incremental petroleum limited
