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PAC PARTNER JULY23 REPORT, page-26

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Glish

1,151 Posts.

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26/07/23

19:28

Post #: 68998654
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Originally posted by luciano: ↑

I am reading 1 development scenarios with two oil/gas deposit find, for a total of 2.5 TCF, and a target price of A$ 0.33,
after adjustments.
Now this is in 12 moths time and I assume by then, all factored in is farm out, cash needed for development and Gov. share.
I the light of this, A$ 0.33 is not too bad, but obviously nobody knows yet how many development drills are needed to production and also the 12 month time for development is very tight. IMO
But I have no doubt that IVZ sp will shote far higher past A$ 0.33 especially is we get lucky with first target and then also Lower Angwa comes good....trust me 33c is going to be history.
Clearly whatever will be the sp, will be reduced once IVZ will need to find money for development, hence long terms of A$ 0.33 look a good assessment, which still could chage depending on how much lio/gas we find.......hopefully.

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IVZ Price at posting: 15.5¢ Sentiment: Hold Disclosure: Held
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PAC PARTNER JULY23 REPORT, page-26

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PAC PARTNER JULY23 REPORT, page-26

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