Australian (ASX) Stock Market Forum

INP - Innamincka Petroleum

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Who knows? No news, no announcement. I think it could be this http://www.news.com.au/dailytelegraph/story/0,22049,23633085-5006060,00.html.

Daily Telegraph May 02, 2008 12:00am

THE country's second-biggest coal seam methane (CSM) operator, Santos, surged nearly 10 per cent as investors bet that it would be a takeover target as soon as its 15 per cent ownership cap is lifted, following BG Group's $12.9 billion bid for Origin Energy.​

Seems there is renewed interest in any company that has a lot of oil and gas in the ground.

What would a predator pay for INP's prospects? I would suggest that Comsec's valuation $1.96/share would be not far off the mark. This could get a lot better, yet!
 
According to the latest comsec research report it is valued at $2+ with a BUY/OUTPERFORM recommendation. I bot just few( being very much a newbie to Stock trading :) ) @ $0.695 and it closed this week @ $0.75 ...

Hope to see some good price for INP in future ...

Thanks
 
i bought in at 80c, a few months ago, i nearly sold out, but decided to hang in there, i think my wait may have been worth it. $2+, i would love to see how big that + sign might be lol :)
 
well that + according to Comsec means probably another 2/3 cents ... let's see how it goes :) ... initially they valued it at $1.96 and now up again ... good stuff :)
 
GO INP !!! she's up 22% today went as high as 96
$1 is knocking on the door
After watching it plummet for so long
I had to get in when i thought inp had bottomed and is now on a rise

Ive only owned this stock for a week and iam up 33%

WOOO HOO !!!!!!:)
 
Its been a bitter disappointment since it smashed into $1.97 last year,yep somone bought at $1.97...:banghead:...,bit like souths winning their 1st game to go to 1/8..i wanna see it do more...tb..:D
 
I got a very nice surprise when i looked at it tonight, i bought in at 80c so yay for once im in the green. Im new to this, and it seem's like i jumped in just when things went belly up, so yay :)
 
I jumped on this one at the low today, although I missed the last couple days run I think there will be a lot of potential upside over the medium term.
 
Also jumped on board today, hoping for some positives from INP.. shareprice did a bit of a backflip today after the great run is had yesterday.. hopfully evens out.. any1 got any new news on these KIDS ?
 
Well its looking positive:) now, sitting above 90c, mmm lets see $1, and then $2, i think its the little train that could :) Any thoughts so far?
 
Posted on 7/10/2007

"0135 GMT [Dow Jones] Macquarie maintains Innamincka Petroleum (INP.AU) at neutral after
recent share price rally; says more work needed to define resource. INP soared after
estimating oil in place of 120 million barrels at its Flax/Juniper filed. Macquarie
estimates net oil position of 16 million barrels using conservative recovery rate of 15%
to 20%. "While there remains a significant degree of upside from the current share
price based on potential reserves, we require further clarification on project delivery,
cost estimates and timelines," Macquarie says. Target price set at A$1.07. INP
trading up 3% at A$1.375. (APW)

Contact us in Singapore. 65 64154 140;
MarketTalk@dowjones.com
"

Anyone knows when the 120miilion barrels will be on commercial??? based on the above comment, even if INP can produce oils the target price that Macquaries set was only at $1.07 ....

I remember INP issued more shares sometimes in Nov last year at the price of $1.17/share to fund its Drilling programs this year.

Anyone knows the ralationship between that current drills and its above ann.?
How far away from the Flax above???

IMO & DYOR Pls.
 
mapna said:
Posted on 7/10/2007

"0135 GMT [Dow Jones] Macquarie maintains Innamincka Petroleum (INP.AU) at neutral after
recent share price rally; says more work needed to define resource. INP soared after
estimating oil in place of 120 million barrels at its Flax/Juniper filed. Macquarie
estimates net oil position of 16 million barrels using conservative recovery rate of 15%
to 20%. "While there remains a significant degree of upside from the current share
price based on potential reserves, we require further clarification on project delivery,
cost estimates and timelines," Macquarie says. Target price set at A$1.07. INP
trading up 3% at A$1.375. (APW)

Contact us in Singapore. 65 64154 140;
MarketTalk@dowjones.com
"

Anyone knows when the 120miilion barrels will be on commercial??? based on the above comment, even if INP can produce oils the target price that Macquaries set was only at $1.07 ....

I remember INP issued more shares sometimes in Nov last year at the price of $1.17/share to fund its Drilling programs this year.

Anyone knows the ralationship between that current drills and its above ann.?
How far away from the Flax above???

IMO & DYOR Pls.
Click to expand...

Errr i dont know when the oil will be commercial....but the 120 mil is Oil In Place. I'm pretty sure the recoverable amount is most important and what most LT investors (and clearly Macquarie) are concerned about (hence the 15% success rate from 120 mil (120 * 15% = 18 (they have used 16...conservative? not sure here sorry).

INP have to get that oil outta the ground, make sure it is high quality, transport it etc etc...hence the reccomm. They also need to give cost estimates etc...if it is cheap and good, then + to INP.

As for your other questions...:confused:

Do Not Hold
 
BenH said:
Well its looking positive:) now, sitting above 90c, mmm lets see $1, and then $2, i think its the little train that could :) Any thoughts so far?
Click to expand...

well we hit the $1 mark so smiles for me :D be interesting to see what the market closes at today! market depth looks pretty positive will be interestin to see how far the momentum can go!
 
Bought 4500 of these on Friday, at $0.905. Glad to see they've cracked $1 now!

How long do you guys think the price will rise for?

I was quite unhappy when i discovered this afternoon that they had reached $1.120, but i couldn't sell them, i was at school :(
 
mmmm.... should keep putin along i think.. im expecting a bit of a tiny retrace after todays performance before it does tho. i could be wrong, im holdin either way :p:
 
Looking back to the history of INP in the last 3 weeks, SP jumped high on Monday then dropped back until Friday.

Tomorrow would prove the pattern.

do not hold it atm.

DYOR
 
How would you guys rate Cooper (COE) against INP? When COE took a beating not that long ago, it seemed as if those who sold COE went into INP and drove the price up.:2twocents
 
Comsec has increased its valuation of INP as reported in its latest research insight (Issue 71), to $2.42. If my memory serves me correctly it last valuation was $1.98.

The report compares BPT, INP, PSA, ROC

Summary of
report dated
14/05/08

BPT2: Last Traded: $1.345 Market Cap: $1.198b Sector: Capital goods
INP2: Last Traded: $1.07 Market Cap: $201m Sector: Comm. services
PSA: Last Traded: $0.905 Market Cap: $139m Sector: Capital goods
15/05/08
ROC: Last Traded: $2.40 Market Cap: $717m Sector: Capital goods
BPT2: BUY / OUT PERFORM Valuation: $1.78
INP2: BUY / OUT PERFORM Valuation: $2.42
PSA: BUY / OUT PERFORM Valuation: $2.57
ROC: REDUCE / UNDER PERFORM Valuation: $1.76
Summary of report dated 14/05/08

What’s new?
CommSec has upgraded its oil prices. The basic changes are:
the near-term projections have been raised as the oil prices have been higher than expected
the L-R price has been raised from $55/bbl to $65/bbl
the L-R A$/US$ rate has been raised from 77c to 80c

Valuations revised, recommendations same
Higher oil prices have increased the valuation of all of CommSec’s oil stocks (outlined above).
Despite the revised oil prices, the relationship between the present share prices and valuation, and hence the recommendations remain the same.
Innamincka Petroleum (INP) remains our number one pick due to the very large discount to CommSec’s valuation, coupled with CommSec’s confidence in the upside of INP.
Beach Petroleum (BPT) remains CommSec’s preferred pick for investors who are not prepared to invest in stocks as small as INP, or those with a lower risk appetite.
Petsec Energy (PSA) is CommSec’s number three choice as we cannot be as certain of the US potential.
CommSec’s upside valuations of ROC are now above the ROC share price.
 
I am very happy with the performance of the company so far, and the future is looking good too! I'll be keeping my shares for a little longer, though.
 
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