Rough valuation by this analyst.... Based upon some of our preliminary valuation work, we see ample ability for a gas development with petroleum liquids co-product as conservatively generating US$0.75/thousand cubic feet (mcf) present value.
• A 1,300 bcf find would be equivalent to US$975m of value. IVZ have an 80% equity and operatorship of Mukuyu (and 3 exploration licence areas) = US$780m.
• At an AUDUSD Exchange rate of $0.66 equates to A$1,182 m or A$0.77 per Invictus energy share.
• Current share price of IVZ: $0.11/share.
Guess this is where that A$0.77 came from !!.... And Exchange Rate is still $0.66 so Good Find !! Oilf.
IVZ Price at posting:
10.5¢ Sentiment: Buy Disclosure: Held
