re: flow rates There are about 1540m shares on issue. BMX...

re: flow rates There are about 1540m shares on issue. BMX holding is c. $13m less say $4m debt and whatever tax.

Don't forget to take into account operating costs (not irrelevant) and the interest cost on the debt to finance the drilling (material). Also, IMP funds 75% of the cost of the well for 60%ish of the revenue.

Also, the time it will take to drill 100 wells is not insignificant either.

I have not done all the numbers, but it will take time for IMP to show enough scale to be taken seriously.

Also, if they were really serious they would consolidate the shares 40 for 1 so that they are not just a day trader's play thing.

I don't hold - I think SMO and AUZ are much better speculative plays, but if IMP returns to 1.5 cents ish might be interesting.

Just my opinion
Monty

Monty