"2013 was a year of substantial achievement for IPB Petroleum"
Performance Against Goals
At the commencement of the 2013 financial year IPB Petroleum had set the following key goals:
1. Complete a farmout of WA-424-P to fund the drilling of the Pryderi prospect.
2. List the company on ASX, and raise sufficient funds to fund ongoing activities.
3. Acquire complementary exploration acreage.
4. Complete preparation for the drilling of the Pryderi-1 exploration well.
In all but the last item IPB Petroleum exceeded its objectives, and as at the date of this report planning and other activities for the drilling of Pryderi-1 are well advanced.
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