IPB is an Australian oil explorer
IPB has built a significant position along the southern margin of the world-class Browse Basin
- Oil discovered in IPB’s first permit WA-424-P by BHP in 1995
- PGS is a cornerstone shareholder in November 2010
- Recent Farmout to CalEnergy secures up to $32.4m of funding*
- First well Pryderi -1 due around mid July 2013 is 100% free carried
- Acquired strategic adjacent second block WA-471-P and have bid on a third
Independent Technical Experts Report (ISIS)
- Combined Contingent and Prospective Mean Resource (unrisked) of 685 MMbbls of oil for WA-424-P (100%)
- IPB net equity share of over 500 MMbbls of oil at a Mean Prospective Resource level (unrisked)
Significant alternative opportunities
- Multiple large acreages
Highly qualified and capable Board and Management team
Listed on ASX 30 April 2013
Near Term Drilling Activity Pryderi-1 ~ July 2013.
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