IMP - Imperial Corporation
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Re: IMP - Imperial One
is this already forgetable sp ?
already producing yet sp keep falling down...
1.5c... jeezzzzz what a nightmare....
is this already forgetable sp ?
already producing yet sp keep falling down...
1.5c... jeezzzzz what a nightmare....
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Re: IMP - Imperial One
Did anyone notice that IMP got shaken out of bed today!
Anyone still holding?
Anyone thinking of getting in?
Me, I got tired of having dollars tied up and bailed out at a loss.
May get back if there`s going to be a nice ride soon.
Did anyone notice that IMP got shaken out of bed today!
Anyone still holding?
Anyone thinking of getting in?
Me, I got tired of having dollars tied up and bailed out at a loss.
May get back if there`s going to be a nice ride soon.
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Re: IMP - Imperial One
Not a bad season to be back onboard the IMP.
If you buy some at 1.2cents it aint real hard to make 8% on your $$ by getting out at 1.3 then back in at 1.2 and the cycle goes on.
Then one day it may just head up over 2cents again.
Not a bad season to be back onboard the IMP.
If you buy some at 1.2cents it aint real hard to make 8% on your $$ by getting out at 1.3 then back in at 1.2 and the cycle goes on.
Then one day it may just head up over 2cents again.
Re: IMP - Imperial One
With the momentum building, this little gem seems to be on the rise ,not only in volume but in price too . A good increase on Friday 22 June'07 from 0.016 to 0.019 has seen the week close on a high for IMP...with completion of 15 Gas wells already on line and pumping gas and the start of new drilling for the next 5 Gas wells under way,(in a 150 well program) its only up from here. With further results to be announced after completion of drilling,it should see the price movement in positive territory. The last big high hit @0.05 on 9 May'06, since then IMP have expanded the Company with a lot more wells on line (producing cash flow)and more to come. They are currently arranging finance to further their acquisitions and expand further the share holders interest . I see a positive on this one and a possible 0.10c + share price only being the start of something big as these Gas wells have an estimated life span of 40 yrs, Now that's a lot of Gas and a lot of $$$ in any body's language.
With the momentum building, this little gem seems to be on the rise ,not only in volume but in price too . A good increase on Friday 22 June'07 from 0.016 to 0.019 has seen the week close on a high for IMP...with completion of 15 Gas wells already on line and pumping gas and the start of new drilling for the next 5 Gas wells under way,(in a 150 well program) its only up from here. With further results to be announced after completion of drilling,it should see the price movement in positive territory. The last big high hit @0.05 on 9 May'06, since then IMP have expanded the Company with a lot more wells on line (producing cash flow)and more to come. They are currently arranging finance to further their acquisitions and expand further the share holders interest . I see a positive on this one and a possible 0.10c + share price only being the start of something big as these Gas wells have an estimated life span of 40 yrs, Now that's a lot of Gas and a lot of $$$ in any body's language.- Joined
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Re: IMP Imperial One
Production (end July) and Flow Rates (mid july) for the Dindios #2 as per last announcement, could be inside knowledge or traders taking a position...
Production (end July) and Flow Rates (mid july) for the Dindios #2 as per last announcement, could be inside knowledge or traders taking a position...
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IMP has recently started its 18 well drilling programme in the Appalachian Basin (USA) after some delays. According to management, these are supposedly low risk wells in an area where wells have a high probability of success. There is well established infrastructure to carry any gas finds.
The first well has been tentatively successful, with details on production flows expected to be announced within a month.
Cheers,
Kenny
The first well has been tentatively successful, with details on production flows expected to be announced within a month.
Cheers,
Kenny
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Well they seem to have found another commercial well that will start producing in July 2008! Seems they have now completed 3 drills.
Markets cap is about $28m from my calculations.
They also have an interest in a mineral sands development in northern NSW (being developed by Bemax).
Due a re-rating? Will have to pump the numbers on the producing wells to ascertain that. Anyone have those numbers? Otherwise will have a go on the weekend.
IMP 3rd Nat Gas Well successful 15 to go
Yayyyyy!!
News just to hand that IMP's 3rd Natural Gas well is also as successful as the previous 2 wells.
Now we look forward to the news of the 4th Gas well to be spudded in and the results due within the next 10 days.
Then there are 14 more wells to go after No.4, in the current drilling programme.
I know that at least 9 compacted drilling pads have been prepared already.
The summer warmer weather has finally arrived to the region, so we should have less delay times now, between Gas Well results.
Also, good news in the company announcement about how they are getting much more $$$ for their sales of gas ...now gone from around $7.50/Mcf up to now $12.43/Mcf
Warm regards,
Mr Muzz
Yayyyyy!!
News just to hand that IMP's 3rd Natural Gas well is also as successful as the previous 2 wells.
Now we look forward to the news of the 4th Gas well to be spudded in and the results due within the next 10 days.
Then there are 14 more wells to go after No.4, in the current drilling programme.
I know that at least 9 compacted drilling pads have been prepared already.
The summer warmer weather has finally arrived to the region, so we should have less delay times now, between Gas Well results.
Also, good news in the company announcement about how they are getting much more $$$ for their sales of gas ...now gone from around $7.50/Mcf up to now $12.43/Mcf
Warm regards,
Mr Muzz
Would have to agree with you about the Market Cap at about $28. The management have a business plan in tow to increase the value of the company to a $200 Market Cap within the next year or two.
Someone asked me today ...after IMP announced their 3rd successful Natural Gas well in this current 18 well programme ...how is IMP's cash flow going?
Even when Nat Gas was at $6.50 IMP were making nice cash flow.
These current wells are going in at less than $250,000 a pop, because they are using their own drilling rig (and rigs are near impossible to get in USA in the current climate of rising Nat Gas). So total cost commitments to these current 18 wells is around $4-5 million. A figure well within IMP's current financial scope ...and remember these wells are up and piped and running and making cash flow within 2 months of them being drilled, due to the close proximity of the North Eastern USA Gas Pipeline Grid.
They estimated nice cash flows for these current wells if Nat Gas was around $7.50 per Mcf Unit but is now up around $12.43 per Mcf unit ...a very nice extra bonus profit.
Now, consider the sale of IMP's 5% BMX shareholding to takeover merchant Cristal for 32 cents/share. This will add $14 million cash directly into the coffers within the next 4 weeks. Nice too.
Then there is that Macquarie Bank $100 Million line of credit that is on call at anytime IMP wants to use it to buy other "Acquisitions". Nicer still.
Then we have 15 more Nat Gas wells to go in this currently funded drilling programme, with a batting average of 100% so far. Even nicer still.
Weather's fine now in early USA summer time (after a more than average wetter May). 9 compacted pads ready for IMP's mobile drilling platform ...with its high speed drill ready to go 3,000 feet deep in less than 10 days, at a flick of the switch. How much nicer does it get?
Well, don't forget, that through Company acquisitions already (that were bought by IMP for a song), IMP has in excess of 130 Commercially viable cash flowing wells already flowing into the North American Gas Grid (right on the doorstep of the biggest populated areas ...who by the way ...will be paying even higher Nat Gas prices than the current $11.50 ...when the wintertime comes and people turn on all those burners to keep their tootsies warm). That's even a lot nicer to look forward too.
How can it possibly be figured that they aren't making a profit?
Shares should go above 2.5 cents this time. Last time they reached above that level on only a 10 well drilling programme and they didn't have all that other cash reinforcement at the time ...which of course, they do now.
Warm regards,
Mr Muzz
Re: IMP - Imperial Corp - 4th well success 5th due
IMP Announced its 4th successful Natural Gas well last Monday 16 June, which the Market missed, due probably, to being distracted by Wall Street's Friday fall in the DOW.
It also missed the fact that IMP has spudded in its 5th Well in this current program of 18 wells ...and we expect news of its success either this Friday or early next week.
Now ...What say you to this reasoning?
The normal gas flow ...as we have seen again from the logging tests of IMP’s successful gas well No.1 this time around is 900Mcfgd.
The last 20 successful wells were also around this same 900Mcfgd figure, so i expect that the results from the very recent other 3 (so far) successful wells will produce similar 900mcfgd flow rates.
We are currently 4 successful wells in this current 18 well drilling program and No.5 well spudded in last Monday 16 June.
IMP’s high speed drill can go down to the usual 3,000+ft in just a few days …so we are expecting news either very late this week or early next week.
Now of course these wells go for 40 years on average, so IMP caps them back (based on previous announcements) to a gas flow rate at 55Mcfgd (ie; 55,000 cubic feet per day per Natural Gas Well).
Currently IMP has about 60% of their 168 commercial wells hedged at $8.45 per Mcf.
That leaves 40% of their wells to enjoy the higher spot market prices, now being achieved.
Gas prices have risen to $12+ just lately in North East USA.
So, if we worked on say $10per Mcf at 55Mcfgd that would be $550 per day for each gas well.
That translates into a $$$return of $550 x 172 (168 current wells + 4 new wells) = $94,600 per day ...or $34,552,650 per year.
Also IMP gains extra money from hiring out its own drilling rig and that brings in (based on previous announcements) around $500,000 per year
IMP is using its own high speed drilling rig and experienced crew ...so the previous Contractor costs of $250K per well should be reduced to say $200K, and no other royalties to the Contractor, etc,.
This low cost of drilling in 95% successful tenements is much better than the much higher costs of wildcat drilling in unproven tenements, which is what most of the Nat Gas companies are doing.
This means that the results of these current 18 wells (4 out of 4 so far 100% successful) combined with the previous 20 successful wells, combined with the 168 wells that IMP have acquired, plus the $14million windfall from sale of BMX shares ...will place IMP in increased gas-flow-cash-flow very positive territory over the next 12 months.
It also means that adding up those figures makes IMP capitalised at around $49 - $50 million.
With 1.6 billion shares on issue, that should make the share price around 0.031 cents.
Sure makes today’s share prices of 0.019- 0.02 cents look like a bargain.
Especially when you take into account there are 14 more highly probable Natural Gas wells to be drilled during this next couple of USA Summer months.
Also, IMP has identified over 120 further drill sites on their acquired very prospective tenements, and have the help of Macquarie Banks $100million line of credit to smooth the speed with which these wells can also be added to the IMP stable.
The other wildcard icing on the cake is that IMP (according to the past 12 months of announcements) are closing in on some other very worthwhile acquisitions of Gas companies in the high energy demand North East of the USA.
These are likely to be announced within the next couple of months.
Warm regards,
Mr Muzz
IMP Announced its 4th successful Natural Gas well last Monday 16 June, which the Market missed, due probably, to being distracted by Wall Street's Friday fall in the DOW.
It also missed the fact that IMP has spudded in its 5th Well in this current program of 18 wells ...and we expect news of its success either this Friday or early next week.
Now ...What say you to this reasoning?
The normal gas flow ...as we have seen again from the logging tests of IMP’s successful gas well No.1 this time around is 900Mcfgd.
The last 20 successful wells were also around this same 900Mcfgd figure, so i expect that the results from the very recent other 3 (so far) successful wells will produce similar 900mcfgd flow rates.
We are currently 4 successful wells in this current 18 well drilling program and No.5 well spudded in last Monday 16 June.
IMP’s high speed drill can go down to the usual 3,000+ft in just a few days …so we are expecting news either very late this week or early next week.
Now of course these wells go for 40 years on average, so IMP caps them back (based on previous announcements) to a gas flow rate at 55Mcfgd (ie; 55,000 cubic feet per day per Natural Gas Well).
Currently IMP has about 60% of their 168 commercial wells hedged at $8.45 per Mcf.
That leaves 40% of their wells to enjoy the higher spot market prices, now being achieved.
Gas prices have risen to $12+ just lately in North East USA.
So, if we worked on say $10per Mcf at 55Mcfgd that would be $550 per day for each gas well.
That translates into a $$$return of $550 x 172 (168 current wells + 4 new wells) = $94,600 per day ...or $34,552,650 per year.
Also IMP gains extra money from hiring out its own drilling rig and that brings in (based on previous announcements) around $500,000 per year
IMP is using its own high speed drilling rig and experienced crew ...so the previous Contractor costs of $250K per well should be reduced to say $200K, and no other royalties to the Contractor, etc,.
This low cost of drilling in 95% successful tenements is much better than the much higher costs of wildcat drilling in unproven tenements, which is what most of the Nat Gas companies are doing.
This means that the results of these current 18 wells (4 out of 4 so far 100% successful) combined with the previous 20 successful wells, combined with the 168 wells that IMP have acquired, plus the $14million windfall from sale of BMX shares ...will place IMP in increased gas-flow-cash-flow very positive territory over the next 12 months.
It also means that adding up those figures makes IMP capitalised at around $49 - $50 million.
With 1.6 billion shares on issue, that should make the share price around 0.031 cents.
Sure makes today’s share prices of 0.019- 0.02 cents look like a bargain.
Especially when you take into account there are 14 more highly probable Natural Gas wells to be drilled during this next couple of USA Summer months.
Also, IMP has identified over 120 further drill sites on their acquired very prospective tenements, and have the help of Macquarie Banks $100million line of credit to smooth the speed with which these wells can also be added to the IMP stable.
The other wildcard icing on the cake is that IMP (according to the past 12 months of announcements) are closing in on some other very worthwhile acquisitions of Gas companies in the high energy demand North East of the USA.
These are likely to be announced within the next couple of months.
Warm regards,
Mr Muzz
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Re: IMP - Imperial One
Good post, Mr Muzz.
It's hard to believe IMP is 1.8c as I type right now. What am I missing?
These are low risk, high probability wells in accessible territory close to infrastructure that will deliver the product to a large client base that is unlikely to stop using in the near future.
Market is always right but I haven't worked it out yet. Success already priced into sp? Fear of the bajillion shares on issue?
regards,
Kenny
Good post, Mr Muzz.
It's hard to believe IMP is 1.8c as I type right now. What am I missing?
These are low risk, high probability wells in accessible territory close to infrastructure that will deliver the product to a large client base that is unlikely to stop using in the near future.
Market is always right but I haven't worked it out yet. Success already priced into sp? Fear of the bajillion shares on issue?
regards,
Kenny
prawn_86
Mod: Call me Dendrobranchiata
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Re: IMP - Imperial One
Seems interesting.
Yet another gas producer going unrecognised by the market, seems to be a lot of them going round...
IMP, BCC, MAE, PPP (oil), NZO (oil) etc etc
Seems interesting.
Yet another gas producer going unrecognised by the market, seems to be a lot of them going round...
IMP, BCC, MAE, PPP (oil), NZO (oil) etc etc
Re: IMP - Imperial One
Yes Kenny ...it does seem hard to figure.
I have been wondering why it is in a lull stage at the moment.
If you go back to the times when they drilled in 2006 and 2007 you will find similar lull days with low low volumes. Just goes with the territory as they say.
Also, we are now in the last couple of weeks before 30 June and traditionally the Market balances up the books and sells some shares ...sometimes at a loss to reduce levels of tax.
Added to that the US DOW has been heading south and that has left a pall of fog over things for awhile.
IMP however is Recession proof because:
Natural gas and to a lesser degree Coal Gas, seem to be excellent Recession proof investments ...provided that it is a low cost reliable producer with a sound steady at the wheel management approach. That's why IMP is good.
They are more recession proof than oil because at we have seen from the nasty Veranus blow out ...all the pipes are connected to the commercial industrial and residential markets ...and those people are totally dependant on it ...moreso than oil.
Especially the huge market place of North America.
Here's another reason for IMP being Recession Proof ...in colder climes than ours ...if people don't have nat gas ...like in the huge market place near IMP wells ...they could actually freeze to death, without the warmth delivered by gas.
Recession or no recession ...people don't like freezing to death ...so they turn the thermostat up.
Ohhh by the way ...those 40+% hiked up USA prices for Nat Gas at now $13+ ? They are only Summertime demand prices.
Guess what?
Just imagine what will happen to Nat-clean-smelling-burning-gas demand $$$prices ...when those Yanks need to keep their little tootsies warm in the next few months ...when the chill winter winds start blowing?
Yes Kenny ...it does seem hard to figure.
I have been wondering why it is in a lull stage at the moment.
If you go back to the times when they drilled in 2006 and 2007 you will find similar lull days with low low volumes. Just goes with the territory as they say.
Also, we are now in the last couple of weeks before 30 June and traditionally the Market balances up the books and sells some shares ...sometimes at a loss to reduce levels of tax.
Added to that the US DOW has been heading south and that has left a pall of fog over things for awhile.
IMP however is Recession proof because:
Natural gas and to a lesser degree Coal Gas, seem to be excellent Recession proof investments ...provided that it is a low cost reliable producer with a sound steady at the wheel management approach. That's why IMP is good.
They are more recession proof than oil because at we have seen from the nasty Veranus blow out ...all the pipes are connected to the commercial industrial and residential markets ...and those people are totally dependant on it ...moreso than oil.
Especially the huge market place of North America.
Here's another reason for IMP being Recession Proof ...in colder climes than ours ...if people don't have nat gas ...like in the huge market place near IMP wells ...they could actually freeze to death, without the warmth delivered by gas.
Recession or no recession ...people don't like freezing to death ...so they turn the thermostat up.
Ohhh by the way ...those 40+% hiked up USA prices for Nat Gas at now $13+ ? They are only Summertime demand prices.
Guess what?
Just imagine what will happen to Nat-clean-smelling-burning-gas demand $$$prices ...when those Yanks need to keep their little tootsies warm in the next few months ...when the chill winter winds start blowing?
Re: IMP - Imperial One
Yes Ray ...some low volumes these last couple of days ...but then most of the Market has been like that ...due to the reasons I have stated in the nearby Post to Kenny.
Patience is one thing, but you gotta have your line in the water when the shoal of fishies want bite.
Seems like it is a good time to get the shares now while they are in a cheap dip, before the next 5th gas well is announced next week.
Then there's 13 more to hype up the market into the new tax year, when things traditionally fire up again in the Share Market.
Yes Ray ...some low volumes these last couple of days ...but then most of the Market has been like that ...due to the reasons I have stated in the nearby Post to Kenny.
Patience is one thing, but you gotta have your line in the water when the shoal of fishies want bite.
Seems like it is a good time to get the shares now while they are in a cheap dip, before the next 5th gas well is announced next week.
Then there's 13 more to hype up the market into the new tax year, when things traditionally fire up again in the Share Market.
Re: IMP - 5th Well success 13 to go 100% so far
Well ...as i was saying in my previous post ...IMP has once again announced today 1 July at 12.05pm that our Miller #2 was successful in payload of Natural Gas.
Read ASX announcement by clicking on the Web URL below:
http://www.asx.com.au/asx/statistic...rchByCode&releasedDuringCode=W&issuerCode=IMP
Full logged results for the current 5 successful wells will be announced towards the end of this month, says our Chairman.
Now, in this very productive area ...we now look forward to hearing about successful Natural Gas Well #6, currently spudded in.
Warm regards,
Mr Muzz
Well ...as i was saying in my previous post ...IMP has once again announced today 1 July at 12.05pm that our Miller #2 was successful in payload of Natural Gas.
Read ASX announcement by clicking on the Web URL below:
http://www.asx.com.au/asx/statistic...rchByCode&releasedDuringCode=W&issuerCode=IMP
Full logged results for the current 5 successful wells will be announced towards the end of this month, says our Chairman.
Now, in this very productive area ...we now look forward to hearing about successful Natural Gas Well #6, currently spudded in.
Warm regards,
Mr Muzz
Re: IMP - Imperial One
Yes, an interesting company.
It seems to me that the market is waiting to see how IMP spends the USD100m facility raised from Macquaries a few months ago. One of the stated purposes was to consolidate gas interests in the Appalachian area by aquiring other wells and facilities.
Latest half yearly accounts show company still in net loss and accumulated losses now in excess of $50m odd so caution on the market's part is understandable, particularly with over 1.6 billion shares on issue.
Other possible detracting feature is the hedging of 75% of " estimated production" for 3-5 years, which was presumably required as a condition of the recent re-financing.
On my watchlist for developments once the $100m starts being spent in significant amounts!
Yes, an interesting company.
It seems to me that the market is waiting to see how IMP spends the USD100m facility raised from Macquaries a few months ago. One of the stated purposes was to consolidate gas interests in the Appalachian area by aquiring other wells and facilities.
Latest half yearly accounts show company still in net loss and accumulated losses now in excess of $50m odd so caution on the market's part is understandable, particularly with over 1.6 billion shares on issue.
Other possible detracting feature is the hedging of 75% of " estimated production" for 3-5 years, which was presumably required as a condition of the recent re-financing.
On my watchlist for developments once the $100m starts being spent in significant amounts!
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Re: IMP - Imperial One
Good point Oldblue,
I had been digging around the old announcements to see if I could shed any light on that fact about the hedged "75% of existing forecast net gas production for the next 3-5 years at an average price of around $US8.10 per McF."
I couldn't find any quantification of the amount "locked in" and whether it includes any gas generated by the latest discoveries. It's especially relevant given the price of gas is over $US11 per McF these days I think.
As always, there's also the USD:AUD currency effect in play on earnings.
Also did you see anywhere whether they detailed that the interest rates of the facilities have been fixed for the duration of the 3-5 years. They had announced they were trying to fix but I must have missed the resolution of that.
Regards,
Kenny
Good point Oldblue,
I had been digging around the old announcements to see if I could shed any light on that fact about the hedged "75% of existing forecast net gas production for the next 3-5 years at an average price of around $US8.10 per McF."
I couldn't find any quantification of the amount "locked in" and whether it includes any gas generated by the latest discoveries. It's especially relevant given the price of gas is over $US11 per McF these days I think.
As always, there's also the USD:AUD currency effect in play on earnings.
Also did you see anywhere whether they detailed that the interest rates of the facilities have been fixed for the duration of the 3-5 years. They had announced they were trying to fix but I must have missed the resolution of that.
Regards,
Kenny
