Well. If you're not looking for a millions or nothing drillFDR went from 20c on ipo now to 10.5c after their first well was a duster (but only cost them 1mill for 30% interest).
Their cash is pretty much their market cap and number 1 holder subsequently increased their holding by $180k.
Their next drills are a bit further away though if you look at their presentation.IVZ recently retraced from 27-30c highs back to 16c.
7tcf+ gas targets in ZimbabweHas very good direct hydrocarbon indicators, including flat spots which are correlated with commercial success
Disclaimer
this is not financial advice
I hold IVZ and no FDR
Ann: Sasanof-1 Well Result, page-102
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