IVZ 1.49% 6.8¢ invictus energy ltd

Ann: Trading Halt, page-98

  1. 5,210 Posts.
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    $7m at end of last quarter. Call it $3m now plus $9m for Mukuyu drilling as per term sheet thanks to @b20
    That gives us 50% funded for the first well. A farm in for 25% WI and 50% costs would be fairly standard. Add in potentially $9m in back costs and we would also be 50% funded for the second well.
 
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