Why the sell off, page-77

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FiendishRedbeard

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04/07/19

20:23

Post #: 39379750
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Originally posted by adamjt89: ↑

Hi gents, I am a long time follower and first time poster.

In regards to the risk / success chance, I attended the AGM last year and asked Scott to clarify the in-ground risk for me. I had read that there was an 11% chance of a discovery, however I had also read that the source rocks indicated that there was 100% chance for gas, so I wasn't exactly sure what to make of those numbers... Basically the response was, with that type of announcement, the rating is limited to a particular range, and if I remember correctly 12% being the highest limit. So 11% was one of the better results considering the limited range.

As Chrimata has pointed out in a previous post, the gas is there, or its not and I don't think Brent would be on board if he thought this was a dud. There are many positive indicators with the new data which is shown in the latest presentation and the shear size of the target will have some Tier 1 partners sniffing around for sure.

We will never know until the drill hits the ground, but I am quietly confident.

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The target resource and COS needs to be signed off by a competent person for asx release. The IVZ target is a frontier basin, there is no current production or geological analogy defined by drilling in the basin. Therefor the COS may well be limited (scaled lower compared to a more mature basin) due to these constraints. Anyone with more insight welcome to confirm.

Last edited by FiendishRedbeard: 04/07/19

IVZ Price at posting: 3.9¢ Sentiment: Buy Disclosure: Held
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Why the sell off, page-77

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