IVZ

1.61%

6.3¢ invictus energy ltd

Ann: Strong Gas Shows in Multiple Upper & Lower Angwa Reservoirs, page-521

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Oldelpaso

640 Posts.

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26/10/23

09:38

Post #: 70544988
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Originally posted by charlesn: ↑

yep, agree.
Scott, loving the impact of his last announcement, will be saying to his silent buddy at Spoke, "hey, did you see the way a positively framed announcement moved the share price". To which his mate reponds with, "yeh, who knew".

I reckon we'll first get an end of drilling announcement with indications of gas all the way to TD and open at depth or whatever the O&G equivalent is.
Then a trading halt announcement indicating the start of wireline logging and pursuit of core and fluid samples.
Then presidential visit and announcement of discovery, with some juicy details for VOGC and the boys on how many fluid samples from how many different targets, how many high quality core samples, successful lining of the well for future flow testing and soon after analysis of the results from the 2D sesimic and a revised prospect number.
And there will definitely be a few words on "multiple interested parties looking to become involved"

Not really a chance to lighten or target a free carry in amongst all of that because the SP should keep going up

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This is the perfect run of events. I'll add to that a PPSA that is fair and watertight before we go to a flowtest, though I suspect any serious farm-in partners would only make offers with the sovereign aspect tied up. It's the biggest unknown and Zim's track record would obviously cause some apprehension.

IVZ Price at posting: 18.5¢ Sentiment: Hold Disclosure: Held
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Ann: Strong Gas Shows in Multiple Upper & Lower Angwa Reservoirs, page-521

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Ann: Strong Gas Shows in Multiple Upper & Lower Angwa Reservoirs, page-521

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