Estimated reserves: 8.2Tcf + 247 million barrels of conventional gas-condensate1 (~1.6 billion boe) independently verified. That is huge and is easily one of the largest on shore reserves anyone has seen for a while. The fact there is live oil on the surface is a good historical indicator there is something huge underneath (Source Rock & Seal present in the basin – live oil recorded from 3 Mkanga formation surface samples).
Current market cap of IVZ: ~ 90 million AUD. or 16c a share
Why is the SP so low? If they discover even a 1/10th of that number they will still hit a market cap 10 times of present. I don't care if they have to raise 30 million or 50 million on their own to drill or make this thing happen, that is a ridiculous upside. I wouldn't be surprised if IVZ was valued at $2 after seismic and pre drill. Why the hell is reconafrica so ahead of IVZ even when doing things backwards?
Any thoughts?
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Last
8.8¢ |
Change
0.001(1.15%) |
Mkt cap ! $124.7M |
Open | High | Low | Value | Volume |
8.6¢ | 8.8¢ | 8.4¢ | $260.8K | 3.052M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 203629 | 8.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
8.8¢ | 49588 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 203629 | 0.085 |
5 | 208310 | 0.084 |
6 | 595421 | 0.083 |
4 | 412412 | 0.082 |
5 | 284704 | 0.081 |
Price($) | Vol. | No. |
---|---|---|
0.088 | 49588 | 1 |
0.089 | 49330 | 1 |
0.092 | 161992 | 1 |
0.093 | 50000 | 1 |
0.094 | 273128 | 3 |
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