The Cooper response that mentions this about Selmo does not give...

The Cooper response that mentions this about Selmo does not give weight that IPM have learnt alot along the way and their current program at Selmo in the Target Statement involves cheaper less complicated procedures. Selmo is a great producing asset - with alot of derisked income to look forward to.

I look at the dividend payout from IPM and still wonder what Cooper are on about. Mr Scott must have become so attached to the funds he raised at 65 cents he does not want to risk loosing them in a duster. Rather buy IPM's proven projects.

Cooper may think it a cheap way of getting IPM's USA assets given how far the aussie has fallen since IPM settled their deal.