IPB Petroleum Ltd. (AU:IPB) has released an update.
IPB Petroleum Ltd. reported a productive first quarter of 2024, securing a memorandum of understanding for the Pivotree technology to potentially develop its Gwydion oil and gas discovery. The company underwent significant board restructurings, including several directorial appointments and resignations, while maintaining a healthy cash balance of approximately $889,000. IPB continues to explore additional business opportunities while holding a 100% interest in the Browse Basin exploration permit WA-424-P.
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