Ann: Invictus Energy Webinar Technical Briefing, page-24

Today’s presentation just reaffirms how lucky we are to have Scott at the helm, he really is exceptional in delivering the technical data in a very presentable manner, I feel even those with only the slightest understanding of O&G would walk away with a very good understanding.

There is no denying what we have here is world class, it’s been written off by many as extremely high risk for a myriad of reasons….but it keeps growing, not only in size but in the COS. Before Strike drilled West Erregulla (which Scott is very familiar with and made mention of today) it was only given a low independent COS, however, their in house team put a 50% COS on the well and went as far as signing and receiving funds for a GSA ahead of drilling. Point is, I’d put far more weight on Invictus’s in-house estimates than what the independent report does, given the lengths they’ve gone to in working the project up.

I note comparison was again made to Recon/88E….the apparent knock on our project being that it’s located in Zim….well, I’m not entirely buying that. Those of us that have been invested here a while understand that these perceptions of sovereign risk are unwarranted, as brilliant as they are, these presentations are just preaching to the converted though…..So there’s just one of many ways I’d have our PR firm earning their keep, let’s face it 2 mill shares should be enough to get a decent sized campaign, one that should’ve well and truly started, not starting soon. Both of the above mentioned companies put the time and effort into building their profile well ahead of time, not at the 11th hour. Getting him in-front of an audience in London sounds great, but we decided not to list on the LSE (which I personally would’ve liked to see) so what’s the point, a US tour would make far more sense given the ever imminent DTC listing. I don’t know, admittedly I may have too high expectations for what $400k worth of shares gets us these days.

I have the utmost respect for Scott, you won’t find any better, at the top of his game but willing to chat to even the smallest shareholder. His methodical approach and due diligence on the big ticket items has been outstanding. Once again I’m left with more confidence at the project level, just not at the share price level pre drill, which is a real shame as it just means carrying more risk into the drill.