IVZ 2.60% 7.5¢ invictus energy ltd

Ann: Gas Sales Agreement to Deliver Power to Eureka Gold Mine, page-144

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  1. 4,740 Posts.
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    I'm only bringing up topics of conversation that maybe people should ponder ? The company is not clear what the real fast track pilot plans are or what it entails and no they won't have 2 different companies running a pilot on a single well with an unknown long term flow rate so the deduction or question I'm asking people to ponder, with all the exclusivity that they spelled out in the DEC Mou that Mbuyu aren't going to build a 50MW gas power plant on the single MK2 well and they've found an alternative partner to fast track the pilot?

    The language was "May Elect" so was fairly non committal anyways. Looking like Mbuyu are more interested in building a larger scale 500MW plant when the field has been proved up a bit more.

    I've said a number of times now that the new MOU looks more realistic because if they really are trucking gas then the pilot would be less reliant on constant flow rate from this well that may not have been optimally designed for production, which basically will be in still in the test/pilot phase to see the long term rates that can be achieved. I could come up with a host of conspiracy theories why its changed course only 4 months out from the first MOU but really not into that.
 
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