Yes Thymus. You are right on all 3 counts. 1) Bemax $14 mil is now banked into IMP bank account; 2) The $4mil debt related to the Bemax shares is now paid out; 3) As Dazzler says ...that should leave about $10mil in surplus schmo' in the IMP reserve account; 4) The $100mil line of credit with Macquarie is also an nice timely reserve for acquisitions of gas rich asset companies that might for one reason or other in this current US financial crisis ...be bargain buys; 5) Top manager Bruce McLeod has been in the States and is returning home next week, after overseeing developments in IMP's area of operations, and prospective immediate future operations; 6) Home Office news is that the Annual Report is due out on next Tuesday 30 Sept, which will be full of the good news. 7) The next 13 wells are due to spud in within the next couple of weeks. 8) Share price dropped to its lowest level at .008 today. That price is a historic benchmark, because that is the price many of us bought extra options some years ago. So, it surely should stabilise at that mark and provide for some nice volatility for some day trading; 9) Gas is again on the rise to $10Mcf and remember this is high summer to beginning of the Fall in the northern hemisphere. Just wait until winter and with some more disruptions to the world financial system. IMP will likely sell its gas at spot prices of $13+Mcf
Warm regards, Mr Muzz
IMP Price at posting:
12.0¢ Sentiment: Hold Disclosure: Held
