IVZ 1.49% 6.8¢ invictus energy ltd

IVZ media thread, page-6808

  1. 16,201 Posts.
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    I reckon when the announcement comes it will probably have at least 3 wells + the flow test attached.
    I'd say after flow test Boabab, East lease then Mukuyu 3. Only thing with Mukuyu 3 is that will likely not be until late next year because IMO they won't drill there until 3D is back.
    SM made it clear the wells will be targeted at best bang for buck to get to production asap.
    A decent flow test
    A liquid prone discovery in shelf edge, which is far far more likely now than ever,
    A discovery out East all sub 2000m, cheap to drill and IVZ could look very very different.

    From what SM said once they have all the approvals in place for the pilot they won't require approval for any extension to production. I take that to mean that the pilot plant will trigger the production clause which means Geo ASS and the Gov { Mutapa } start paying. I think this is why SM says we will be partnering with them soon.
 
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