IPB secures funds for future growth


IPB Petroleum Limited (ASX:IPB) Managing Director Brendan Brown talks to FNN about a recent $3 million placement and the oil explorer's plans for its newly strengthened capital base. 

Mr Brown details the nature of the placement and the funds secured, before going into explain IPB's plans for the funds over the next 12 months. 

He offers some insight into some of the new ventures IPB plans on pursuing in the new year, before detailing the key goals of the company in 2014, which he has previously described as a very important year for IPB Petroleum.