IVZ Share Price, page-17087

Right now the market is RETAIL...ATH is about 40c. We have trapped investors/punters at 28-38c. The market has priced in a "discovery" (which punter doesn't believe we will declare a discovery) and then we will have the "sell the news" event. There is no upside surprise news. Discovery doesn't equal a buy for institutions..it doesn't unlock the golden door of insto buying. Q2 next year, after 3D seismic, and when we do flow testing..after the CR,perhaps with PPSA and a farm-in....I think insto's would be interested.

It's a very simple question "Can IVZ produce and sell it profitably?"....behind that simple question...what % does IVZ eventually hold? what dilution to SOI? how many more wells to get to 1P 2P 3P? what quantum of reserves will that be? What's the cost of commercialisation of the discovery? What's the CAPEX n IRR on that? Gas lines?

No doubt..what's been found is valuable....how do we convert that In-Ground value into MCAP and SP appreciation? It takes a lot of work and investment...that's how!

Welcome to the world of O&G....