Far too much fear of failure with this stock.
It's totally unwarranted and the market has priced this stock very poorly.
A reminder on the source rock characteristics - this is where it all comes from....
"The Mkanga Formation has present day Total Organic Content (TOC) values up to 40% and Hydrogen Index (HI) up to 380. whilst the Alternations Member of the Angwa Formation has TOC values up to 35% and HI up to 290. The TOC average is well above the recommended thresholds of 0.5 and 2.5 weight % of gas and oil generation respectively and confirms the ability of the source rock to generate significant quantities of hydrocarbons."
The oil and gas engine is alive and kicking and 200 horizon initial results prove it....
FFS surely this is obvious to everyone?!
IVZ Share Price, page-7960
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