Best Way to Leverage Invictus

Invictus is a once in a decade big time potential money making opportunity. The super giant prospect in a frontier basin is full of direct hydrocarbon indicators in form of bright and flat spots. If the well comes in, think you can easily see dollars a share with this one with even more potential huge upside with further drilling in this unexplored basin.

Once some listed options kick in, the best way to leverage this play is to sell the shares and buy the cheaper options. This is the best way to leverage. As shareholders in this stock I think it’s safe to say we all know we are taking a risk here. The stock had a nice run to about 30c and has a market cap of about $230M, without even drilling a well. But if you really want to go for the brass ring then suggest sell shares and buy options as soon are some are listed.

I sold the bulk of my shares just a day before the trading halt luckily. I will wait for the opts to be listed and go for them. I don’t see further run in the shares until perhaps they are about to intersect the first shallow target zone. It may not run again until confirmation of hydrocarbons. Stock already had a great run on a great story. Really this doesn’t matter at all. If you can see potentially dollars a share for a big discovery on first well it’s better to be loaded up with options IMO and just go for it and not be concerned about share price until the targets in first well have all been intersected.

Never seen a giant prospect full of seismic bright and flat spots which seem to correspond with mapped closure. It looks really interesting! Thing about these flat and bright spots is that just 1% gas can cause them but with so many identified in this one prospect IMO a very good chance of a significant discovery. A good one to be riding on the basis of being prepared to lose the lot if it fails or get back potentially 10+ times your money on just first well.