Incremental Petroleum Limited

ASX:IPM ISIN:AU000000IPM9

May 26, 2012

OVERVIEW | NEWS | MULTIMEDIA | RESEARCH

Incremental Petroleum Limited Company Summary

Incremental Petroleum Ltd. (Incremental) was formed to investigate opportunities for the acquisition of older oilfields to which it could add value by the application of modern techniques to enhance oil recovery. On August 17, 2005, Incremental acquired all shares and options in Incremental Petroleum (Selmo) Pty Ltd (IPS). Incremental has identified the Selmo Oilfield in South-east Turkey as an asset that met its acquisition criteria. IPS has entered into an agreement for the purchase of the corporate entities, which collectively own the Selmo Oilfield (the Sale Entities).

COMPANY DATA

	Headquarters	Mezzanine Level 20 Howard Street Perth WA 6000

		Australia

	Principal Sector	Energy

	Principal Industry	Energy

	Homepage	www.incrementalpetroleum.com

Key Developments: Incremental Petroleum Limited

	Australian Market Report of February 6: Higher on Leads from US and UK FEB 6, 2009 13:00 - Article Views: 8,575 Yesterday the Australian shares closed slightly lower with the benchmark S&P/ASX200 index down 0.3%, or 9.3 points, at 3428.6, while the broader All Ordinaries index declined 0.3%, or 9.7 points, at 3372.6. The market opened higher after the positive lead from the US and UK, but could also be rocked by the earnings of NAB and News Corp.

	Australian Market Report of January 19: Obama's Inauguration to Boost Confidence JAN 19, 2009 13:00 - Article Views: 6,799 On Friday the Australian stock market ended higher on the recovery in mining sector. The benchmark S&P/ASX200 index closed up 21.4 points, or 0.61%, at 3550.9, while the broader All Ordinaries gained 18.1 points, or 0.52%, to 3494.9. Analysts expect the market may keep its way of turbulence in the reporting season until some clarity of the economy could be seen. Tomorrow Barack Obama's inauguration will be the focus of the week to boost some confidence in the market.

	Australian Market Report of December 3: A Day with Good News DEC 3, 2008 13:00 - Article Views: 7,930 Yesterday the Australia market closed lower dragged by resource sector although the central bank's aggressive rate cut of 100 basis points lifted some sentiment in late trading. The benchmark S&P/ASX200 index closed down 153 points, or 4.16 per cent, at 3,528.2, while the broader All Ordinaries index was 145.6 points, or 4.02 per cent, lower at 3,473.4. Analysts anticipate a rise today in local market with positive lead from the US and the RBA rate cut.

	Australian Market Report of November 6: Focus Still on the Market Mess NOV 6, 2008 13:00 - Article Views: 6,964 Overnight US stocks slumped more than 5% as investors worried about the global financial crisis and a US recession, wiping out the gains from the Election Day rally as the problems facing US President-elect Barack Obama dimmed optimism on Wall Street.

	Australia Market Report of October 15: Market Wild Rally to End OCT 15, 2008 12:00 - Article Views: 6,242 Yesterday, the Australian share market ended almost 4% higher in its best two-day gain since 1975, adding $42 billion to the value of stocks listed in the All Ordinaries index. As confidence was buoyed, investors rushed back to the big miners and banks and pushed the two-day rally to 9% in total. The benchmark S&P/ASX200 index was up 154.5 points, or 3.7%, at 4335.2, while the broader All Ordinaries index gained 169.6 points, or 4.09%, to 4311.5.

	Australia Market Report of October 13: Confidence Buoyed After Black Friday OCT 13, 2008 13:00 - Article Views: 6,883 The Australian share market ended a horror week on Friday, down more than 8% in a session that wiped A$106 billion from the value of stocks on the bourse. Last Friday the S&P/ASX200 index fell 8.3% in mid-afternoon trading, losing 360.2 points to plunge to 3960.7, the biggest one-day loss for the ASX200 index. Its affiliate, the All Ordinaries index, had its worst day since the October 1987 crash, losing 8.2%, or 351.9 points, to 3939.4. The ASX200 lost almost 16% for the week, about three times the amount it lost in the week after the September 11 attacks in 2001.

	Australia Market Report of September 11: Australian Market Waxes Irrational SEP 11, 2008 12:30 - Article Views: 5,232 The Australian market has received a mixed lead, with Wall Street up while oil, gold and silver were down again. Yesterday local banks finished mixed despite heavy losses on Wall Street as the US investment bank Lehman was thought facing difficulties. Analysts said the market was volatile, heavy and irrational.

	Australia Market Report of September 9: Chinese Demand to Prevent Australia From Recession SEP 9, 2008 12:30 - Article Views: 3,838 Yesterday Australian shares soared the most in almost half a year after the US Government's bailout of mortgage giants to calm investor worries about global market turbulence.

	Otto Energy Limited (ASX:OEL) Arpaci-2A Tests Excellent Gas Flow Rates JULY 8, 2008 08:56 - Article Views: 1,794 Otto Energy (ASX: OEL)(PINK:OTTEF) and joint venture partner Incremental Petroleum (ASX:IPM) are pleased to announce excellent gas flow rates from the Arpaci-2A appraisal well at the Edirne licence in West Turkey.

	Otto Energy (ASX:OEL) And Incremental Petroleum (ASX:IPM) Encounter Gas Bearing Intervals In Western Turkey JULY 4, 2008 13:18 - Article Views: 2,552 Joint venture partners Otto Energy (ASX:OEL) and Incremental Petroleum (ASX:IPM) announce that the Arpaci 2A appraisal well has encountered three potential gas bearing intervals between 160 metres (m) and 350 m.