IPB has built a significant position along the southern margin of the world-class Browse Basin
- CONVENTIONAL AUSTRALIAN OIL EXPLORER - Oil discovered in IPB’s first permit WA-424-P by BHP in 1995
- QUALITY SHAREHOLDERS - PGS became a cornerstone shareholder in November 2010
- QUALITY JV PARTNER AND FUNDING - Farmout* to CalEnergy in Sept/Oct 2012 secures up to $32.4m of funding
- NEAR TERM MATERIAL ACTIVITY - First well Pryderi -1 due Q3/2013 is 100% free carried
- LARGE MATERIAL STRATEGIC POSITION - IPB holds adjacent blocks WA-424-P, WA-471-P and WA-485-P
- LARGE OIL RESOURCE BASE:
- Combined Contingent and Prospective Mean Resource recoverable (unrisked) of 686 MMbbls of oil for WA-424-P (100%) (ISIS)
- Prospective Mean Resource recoverable (unrisked) of 166 MMbbls of oil for WA-485-P (100%) (ISIS)
- IPB net equity share in it’s permits of 672 MMbbls of oil at a Mean Prospective Resource level (unrisked)
- CAPABLE, EXPERIENCE AND WELL QULAIFIED BOARD AND MANAGEMENT TEAM
- DIVIRSIFICATION THROUGH MULTIPLE LARGE PERMITS
- Listed on ASX 30 April 2013 (ASX code IPB
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