Nice work! Good to see the awaited news today of the $20mil sale of some Marcellus land by IMP, which takes care of much of the debt and makes IMP even more cash positive.
June Quarterly report should be very positive in a couple of weeks time, in light of this cash injection to the positive balance sheet.
Still leaves huge acreages of Marcellus in IMP's hands and the current gas wells paid for.
Future looks brighter with natural gas, especially with all the negativity with offshore deepwater drilling.
Good buyer depth volumes developing in the market for IMP.
IMP Price at posting:
11.0¢ Sentiment: None Disclosure: Held
