IVZ 0.00% 7.0¢ invictus energy ltd

Ann: Hydrocarbon Samples from Mukuyu-2 Discovery at Laboratory, page-300

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  1. 16,596 Posts.
    lightbulb Created with Sketch. 3977
    2 sidetracks and well conditions have made it expensive.
    MK1 side track killed BB 1 well so I reckon at least 10 million per sidetrack.

    I don't have access to broker data but the last I saw it was insto selling. Why would they be selling below the cost of take up?
    Only one reason I can see, they want the shortfall.

    On a previous subject I went and looked at WPL reserves at North West Shelf.
    According to the 2022 Annual report they have ~ 2.6 tcf.
    1P 803 bcf
    2P 1242.9 bcf
    2c 552 bcf.

    I have no doubt your 130+ TCF is accurate over the life of the NWS but my " Roche facts " were not far off.
 
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