IVZ 1.61% 6.3¢ invictus energy ltd

Ann: $15m raised to fund Well Test & Cabora Bassa Operations, page-220

  1. 50 Posts.
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    Slipperymack and Frank7717 have posted about the possible need for "hundreds of millions" of dollars funding to come. Now I don't think anyone really knows what it will cost to develop the recent IVZ discovery, however as the chart below from the internet indicates field development cost will be many mangnitues larger than the upfront exploration costs that have been funded by IVZ todate. Getting a partner will help sharing that burden but it will not mean IVZ's need for significantly more money in the future will magically dissapear.
    https://hotcopper.com.au/data/attachments/5847/5847834-fd2dc5a213751b6d93f21e253711f057.jpg


 
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