IVZ 5.80% 6.5¢ invictus energy ltd

Ann: Hydrocarbon Samples from Mukuyu-2 Discovery at Laboratory, page-371

  1. 16,161 Posts.
    lightbulb Created with Sketch. 3784
    Do we need more gas or would an oil discovery be better?
    Only reason I pick on Boabab 1 is our financial position. A 1200m well would take 3 weeks tops and cost sub 15 million imo.
    The other thing to consider is time.
    The reality is they need to drill the well outside SG this year as I don't know if starting the well before end of June meets the requirement of the lease??
    To me it would seem that deepening MK2 is the priority followed by BB 1 then 3D.
    Last thing we want or need is to get in to any position with the Gov that requires extensions because we haven't concluded the work programme.
    Whilst I do not believe they would do anything stupid without reason IF we gave them a reason who knows??
    I don't trust the gov to do the right thing regardless.....I don't really trust any gov to be fair.


 
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