Form of Proxy

IPB PETROLEUM LTD

BD Client Code:

Client Name:

Number of Shares Held in a BD Nominee Company:

No.	Proposition		For	Against	Abstain
1	ADOPTION OF THE REMUNERATION REPORT
2	ELECTION OF DIRECTOR - MR DOUGAL FERGUSON
3	ELECTION OF DIRECTOR - MR IAIN SMITH
4	APPROVAL OF ADDITIONAL 10% PLACEMENT CAPACITY