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Innamincka's results fire share surge

Clipped to the Drawing Board by Dave Ellery  

 I don't know what they do - but with a name like that - who cares - just go, go, go

INNAMINCKA Petroleum sparked a huge stock market run yesterday with an announcement that it had an estimated 120 million barrels of oil in the Flax field in the Cooper/Eromanga Basin in the far north of South Australia.

 

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Jonno (92) Senior board member | 2007-10-03 05:58:32
When I first saw this I thought that there was another Saudi coming on stream - it just shows the power of the press when it comes to running with a story. It doesn't look that great - It will probably prove my skepticism wrong and be absolutely huge
Jonno (92) Senior board member | 2007-10-03 05:59:26
but on another tack - yes , what a great name = that alone should ensure success
ryan (63) Administrator | 2007-10-03 06:41:44
Interesting that they reckon they'll only be able to recover about 15% of the oil though. That's really not that much.

One also has to wonder if this will help to bring down the price of petrol in Australia at all. Being an Aussie, I'd very much like that to be the case
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Powered by JoomlaCommentCopyright (C) 2006 Frantisek Hliva. All rights reserved.Homepage: http://cavo.co.nr/

Wednesday 3 October, 2007 09:02 AM
 
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