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-IPB Petroleum - Termination of Lexington Agreement

Following on from IPB Petroleum's (IPB or the Company) General Meeting and subsequent announcement of 11 July 2017, IPB advises that it has not been able to satisfactorily resolve the outstanding concerns relating to the delivery of services by Lexington Partners Pte Ltd (Lexington) under the Business Development Services Agreement (BDSA Agreement) executed on May 17 2017.

IPB advises that it has as a result terminated the BDSA Agreement with Lexington. The adjourned General Meeting of 11

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