InPlay Oil Corp T.IPO

Took an initial position today.....

[kavern23]

In order to diversify alittle, as have everything in YGR and CJ i took the plung on alittle IPO.

IPO management team is just so good at drilling wells...done at a cheap cost and f*ck do they produce.  BNE has land near IPO and IPO always has stronger wells...better completion design.

The one strange thing is my buys today did not show on the canadian exchange volumes.

Anyways the the three fall wells IPO drilled produced this for oil in January:

311.9799

310.3569

309.0585

Thats barrels of oil per day....f*ckin fantastic....

Think how fast those wells will payback....

IPO is going to have to raise their capital budget and do more wells if oil prices hold.

I am investing on this management team...I know IPO's warts but this looks really good.

[kavern23]

My brokerage accounts says only 2000 shares for sale of IPO at 42 cents but when I hammer it...the order doesn't change...wierd.... How big is the 42 cent wall?

[2020oilgamble]

This post has been removed in accordance with Community Policy

[kavern23]

I  see the same oil gamble and when a person places a buy order at 42 cents...it doesn't change anything.... Must be a block on an alternative exchange... These one's EO ATS - U   0.41 +0.01 2.5 36.5 15 30 0.415  0.415  0.405   12:21:57  

[Hendrick3]

Could you tell me about the warts because I bought over 400,000 shares in the last couple of weeks. I have looked at their financials, listened to pod casts and done relative comparisons and this is the best value in the oil and gas sector by a country mile. If it was valued comparably to other Cardium players it would be over $2 hence my decision to buy with both hands. I bought another 40,000

[kavern23]

Need to pour a rye and ginger as YGR hit 1.08 a 52 week high. Well it is not a pressing or very serious near term wart...and I think IPO's management team is taking steps to migitigate this.... I suspect IPO's management team bought the land and small amount of production in the fall in Pembina to get more 100 percent owned drilling locations. All the drilling IPO has been doing in Willy

[kavern23]

Hendrick...go slide 11 on the most recent presentation. See that big yellow area...Entrada has been testing all around it but they can only afford to do like 2 wells per year.  Both IPO and Entrada have seemed to not test what they have joint. But f*ck is it look really promising....Entrada did one close to that large block (some of which we own 100%)....I looked last week and I forget

[Hendrick3]

If the only wart is that they have a partner that is a bit cash constrained, that's not bad especially when they have numerous100% locations in the short term.  in a world of higher oil prices, cash becomes less of a problem even if they only drill using operational cash.  Thanks for both of your posts. They have made me even more excited about this investment which I believe may

[kavern23]

No worries, itsn't that many of us left interested in oil and gas juniors. I agree that things are shaping up nicely for IPO. Market depth looks pretty good for IPO...isn't that much for sale up to 50 cents.   A couple blasts of buying should take us to to 50. Selfishly I hope I can get alittle more this week before it goes up. Q1 should be very strong. Looks like IPO spuded a