IVZ 1.45% 7.0¢ invictus energy ltd

IVZ Share Price, page-11924

  1. 5,208 Posts.
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    Likely to cost much less per well than Mukuyu 1. The knowledge and data gained here is invaluable and the rig is ours for the next year so much less mob costs. Of course we need either a CR or farm in, and of course that will dilute. I'm happy to wait 6 months more for the prize, no matter how disappointing today. I think it's absolutely the right move to reassess and come back to Mukuyu 2 with a firm plan. I'm here for this to be a major energy provider to southern Africa, not just a discovery pump.
    First well and we have geological success. Second and subsequent wells can give the commercial success.
 
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