<div id="readability-page-1"><div>** IPB Petroleum slides 33.3% to A$0.006, lowest since November 5** Oil and gas explorer to raise up to A$1.27 mln ($838,835) at A$0.008/share via placement** Issue prices represents 11.1% discount to last close** About 7.2 mln shares traded, 2.9x the 30-day average** YTD, IPB flat($1 = A$1.5140)</div></div>

** IPB Petroleum slides 33.3% to A$0.006, lowest since November 5** Oil and gas explorer to raise up to A$1.27 mln ($838,835) at A$0.008/share via placement** Issue prices represents 11.1% discount to last close** About 7.2 mln shares traded, 2.9x the 30-day average** YTD, IPB flat($1 = A$1.5140)

Australia's IPB Petroleum slides to 1-month low on discounted placement