Indicative Work Program
- Early entry with high equity and a risk management plan
- Early part of E&P life-cycle very high reward, but aim to manage risks
- Usually with different insight/idea/application of new technology, e.g. 3D
- Aim for strategic position e.g. WA-424-P, WA-471-P & WA-485-P (Browse Basin potential new oil fairway)
- IPB’s strategy is to operate only up to FID:
Operatorship has value to IPB up to FID
- Seek value add partnerships/JV’s
- Opportunistic
- Ongoing:
New Ventures
New Permits
Early entry
Minimise dilution
- Optimise future funding mix with alternative dilution: asset, company, JV etc.
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