IVZ 1.49% 6.8¢ invictus energy ltd

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  1. 77 Posts.
    lightbulb Created with Sketch. 48
    Very interested to see the new license area ERCE prospective resource estimates. I feel they will be a little conservative however looking through the presentation slides
    Apart from Mukuyu (20TCF 845m barrels)
    There are 5 other centre fairway targets (including Msasa which is multi TCF and it does not look like the next largest target)
    could easily be another 10+TCF at play between them.
    You can also see why Scott has mentioned on multiple occasions wishing they had continued the seismic further east
    On top of this there are 8 Basin margin plays (including Baobab)
    I can now understand why they may have initially targeted Acacia as it appears the largest of these targets.
    I think if you aggregate the size of all of these targets together I would not be surprised to see 2-3 Billion barrels between them.
    I'm sure there are more leads that will need further development that will only further increase the already enormous prize on offer.
    People on here have turned so negative, while it may have been a little cheap the raise and going it alone is exactly what we were all asking for a month ago.
    Not long to wait now and I'm sure the tune will change to the positive again
 
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