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7.1¢ invictus energy ltd

Ann: 2D Seismic Identifies Multiple Prospects in Dande Formation, page-98

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Davy Boy

16,236 Posts.

3813

07/05/24

11:17

Post #: 73700953
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Originally posted by timmasbd: ↑

Thanks for passing on the info, hopefully the independent assessment doesnt take too long - im quite surprised at how long its taken them to get this lot of seismic shot and processed.
Ultimately though, the market doesnt give a toss about more prospects - we need non-dilutionary funding and a flow test locked in. Im not even sure the market cares that much about the PPSA (though it may be the thing we need to get a partner on board to sort out funding). If we get some type of funding locked in that can assist in assigning a valuation to the company, we could see a big re-rate. And once we prove it flows in Mukuyu, thats when all those other prospects become super important!

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The market may not care about the PPSA but I suspect potential partners do.
Even though I know we don't need the PPSA its pretty clear now its become a road block for investment.
I asked SM a few days ago what the hold up on 2D was.....answer it takes as long as it takes.
Unfortunately its staggering how much the market has ignored IVZ.
I suspect the Eastern leases will be bigger than Mukuyu but as you say the market doesn't give 2 shts.
We need the flow test asap.

IVZ Price at posting: 6.9¢ Sentiment: Buy Disclosure: Held
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