IPB Petroleum Limited reported consolidated and parent earnings results for the year ended June 30, 2018. For the year, on consolidated the company reported loss before income tax of AUD 470,373 as compared to AUD 2,501,566 for the same period last year. Net Loss for the year was AUD 470,373 as compared to AUD 2,501,566 for the same period last year. Basic and diluted loss per share was AUD 0.003 cents as compared to AUD 0.022 cents for the same period last year. Net Cash Outflow from Operating Activities was AUD 362,749 as compared to AUD 409,712 for the same period last year. Payments for exploration & evaluation expenditure was AUD 242,163 as compared to AUD 90,591 for the same period last year. For the year, on parent basis the company reported total loss of AUD 470,373 as compared to AUD 2,501,566 for the same period last year.