SP Discussion, page-88

Fact is with every SP guess there is no way of knowing.
Lets go with surprises to the upside.
1. Net pay increased to 150m, its very possible IMO given there is ~ 700 to 1000m + to drill in Lower A.....anything could happen..... the HC zone could be deeper than they can drill. SM said Lower A is over 2km thick.
2. There could be gigantic flow rates from the test if point 1 comes off.
3. Some kind of offtake deal, more likely after flow test IMO but a possibility for certain.
4. Boabab well hits oil.
5. 20+ TCF out East. Not sure how the market will view that TBH?
6. Very small outside chance someone takes a swipe at IVZ.
On point 6 I found it interesting that SM said they believed there had been some manipulation of the sp.
Whilst IMO its likely a group with deep pockets reloading the placement/freebie scenario it could also be an entity that's getting ready to lob a bid.
What would the market reaction be if someone lobbed a bid at say 30-40c atm?
It would be hard to turn down with the information we currently have.
IMO IF someone was going to bid it will be before flow test because once a positive flow test with commercial flow rates is achieved from the second well in a massive massive basin based off 2D seismic, where the company says is not really in the sweet spot, then the whole dynamics of IVZ change.