IVZ 1.41% 7.2¢ invictus energy ltd

Ann: Invictus Energy Project & Drilling Update, page-38

  1. 16,486 Posts.
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    There is no contract signed for 1 well. Only and MOU.
    How do you suppose Exalo could commit to a second well without a guarantee it will be drilled. Scott told me that the drilling companies wanted a 2 well program and were not keen on coming for 1 well. How does IVZ commit to a second well without owning the land its to be drilled in to?
    IVZ need to get their shite together.
    Get lease extension inked.
    PSA inked
    Rig contract for 2 wells inked
    Resource estimate for a well we are committing to without a single clue what's in it.
    Just way way too many lose ends for my liking and the market will penalize us for it.
    I will shut my cake hole if the second well targets more than 2 TCF though.
    Rgds Big K.
    Last edited by Davy Boy: 15/02/22
 
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