IVZ 1.25% 8.1¢ invictus energy ltd

Ann: Trading Halt, page-81

  1. 5,181 Posts.
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    I think seismic funding is most likely. I'm not sure that the farm-in is that close. PEPDA and/or PSA may well be any day but they have time to get the right farm-in. If seismics are being done and the money refunded then the timeline for October drilling is still good. Granted there may be some longer lead items and drilling contracts to finalise, but if the extra interest in farm-in is accurate, another month to lock in the best deal may be materially worth it to holders.
 
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