IPB Petroleum Limited reported audited consolidated earnings results for the half year ended December 31, 2017. For the half year, the company’s the loss before income tax expense was AUD 225,346 against AUD 229,748 a year ago. Net Loss for the half year was AUD 225,346 against AUD 229,748 a year ago. Basic and diluted loss per share from continuing operations was 0.001 cents against 0.002 cents a year ago. Net cash outflow from operating activities were AUD 203,005 against AUD 184,986 a year ago. Payment for other exploration & evaluation expenditure was AUD 49,808 against AUD 29,548 a year ago.