IVZ Share Price, page-11187

KKO is a CBM play, similar to EXR. Totally different than IVZ and will require hundreds of wells to prove up a decent resource (each well will have a tiny bit of gas in it). Its a very very long process with ongoing $$ capital/dilution requirements.

The type of project IVZ has, it can, for example, have the same amount of gas flow in 1 well as 200 wells of a CBM play (correct me if im wrong)

To my understanding, they don't have 4.9TCF (4.9TCF 2C is the best estimate of contingent resources - they still have to prove this up, and thats the very long process with CBM plays)
Contingent Resources are those quantities of petroleum which are estimated, on a given date, to be potentially recoverable from known accumulations, but which are not currently considered to be commercially recoverable.

Kind of the same way IVZ has 20TCF 2U:
Prospective Resources are. those quantities of petroleum which are estimated, on a given date, to be potentially recoverable from undiscovered accumulations.

The key difference is once/IF IVZ declare a discovery, they will only need a few appraisal wells to prove up the resource (according to my understanding - its totally different than CBM plays).


More on KKO:
I researched them about a year ago. They also have some history (previously delisted) - unable to CR the amounts they try to, very illiquid, dont meet deadlines etc. They announced the acquisition of Badimo shares a very long time ago (if im not mistaken, its been atleast a year) - but it hasn't even eventuated yet. SOI i think around 1.5 billion after the acquisition