IVZ 1.41% 7.2¢ invictus energy ltd

Ann: Quarterly Activities Report, page-48

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  1. 5,753 Posts.
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    Far had 18% of the field and got shafted by their partner. Nobody wanted a piece of the deal at the time especially as they would have gotten Woodside as the operator who intentionally brought forward all costs with a purchase of a fspo instead of leasing one. Their ineptitude as an operator has been demonstrated once again due to the resulting cost overruns and delays in the project by choosing that strategy.

    Ivz currently has 80% ownership, control and plenty of scope to sell down so completely different from FAR.
 
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