IPB Petroleum secures drill-rig for first test


IPB Petroleum Limited (ASX:IPB), Managing Director, Brendan Brown discusses the oil company’s first exploration well.
Mr Brown has high hopes for the well as it sees a positive result here as being an indication of solid reserves across the whole acreage.
The explorer has a farm-out agreement with CalEnergy whoch holds a 25 per cent stake in the field.
IPB’s prospects are solid with the prospects for the play as a whole being very positive.