IVZ 5.80% 6.5¢ invictus energy ltd

Ann: Securities Placement Capacity Update, page-93

  1. 16,161 Posts.
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    I'd be surprised if the seismic cost 5 million. It was half the size of the first lot. 839 sq km - 425 sq km.
    All the Polaris trucks were in Harare so I'd expect second 2D to be less than half the first 2D BUT I have no clue what first 2D cost but I doubt it was 10 million.
    I'd say this 2D 3 million tops + interpretation.
    I personally believe the well should/could be drilled sub 20 million.
    105 days to drill Mk1 + St @ $180k per day quoted by Butch = ~ 19 million on its own.
    55 day well @ $180k per day ~ $ 9.9 million.
    By the way $180k per day is absolutely over the top for a land based drill rig and I suspect most of that 180K per day can be attributed to Bakered screwing the pooch.
    https://www.plantengineering.com/articles/onshore-rig-global-day-rate-data-and-insights/
 
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