IVZ 3.70% 7.8¢ invictus energy ltd

Ann: Hydrocarbon gas recovered & evaluation program forward plan, page-1326

  1. 10,189 Posts.
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    Everyone talking about samples the funniest thing I’ve seen. You need samples to prove what ? They have:

    1. Already proven gas and Iight oil is present over multiple resevoirs. They even had hydrocarbons on the CLA before they had to abort due to pressure in the hole

    2. We now know the lower Angwa is filled to spill with gas and the flow rate will be incredible for the gas

    3. we know the basin has movable hydrocarbons already

    Either way in 3-4 months time during flow testing this will flow and the discovery will be called either way. This should never be trading at a 150 million market cap with the basin already de risked. The easiest money being accumulated. With the amount of news flow, data, new seismic over the next 1-3 months this will still run multiples. Crying about a couple of samples ahhahah but they will get them this time as they have removed the lower Angwa which was full of gas and pouring out with such high pressure (they discovered the lower angwa is full of gas but who cares hahah)
    Last edited by Roch2077: 24/11/23
 
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