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4.76%

6.0¢ invictus energy ltd

Ann: Strategic Investment & Production Sharing Agreement Update, page-228

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Davy Boy

16,680 Posts.

4020

31/07/24

11:55

Post #: 75001616
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Originally posted by Frank7717: ↑

“I also believe that this relatively meagre raise is a direct result of the farm in negotiations…”

I sure hope you’re right on this. This last quarterly report was a bit sobering to see how close the company is to teetering on the brink of running out of funds. This new $5m and the VF listing will breath some life into testing and 3D etc, but without that farm in/JV, it’s hard to see how any further wells get paid for.

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Back costs for any farm in will be significant.
Ivz has expensed well over 100 million so for ever % WI sold the co gets a million plus in back costs.
Id have to look at the annual report to see what has been expensed. Since the last one we have spent a chunk more.

IVZ Price at posting: 9.3¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 6.0¢		Change -0.003(4.76%)		Mkt cap ! $90.98M

Open	High	Low	Value	Volume
6.3¢	6.3¢	6.0¢	$201.2K	3.276M

Buyers (Bids)

No.	Vol.	Price($)
5	590433	6.0¢

Sellers (Offers)

Price($)	Vol.	No.
6.2¢	97500	1

View Market Depth

No.	Vol.	Price($)
5	590433	0.060
8	1229160	0.059
2	1017241	0.058
1	70000	0.057
1	10000	0.056

Price($)	Vol.	No.
0.063	281430	1
0.067	97834	1
0.068	102728	3
0.069	155000	1
0.070	386145	3

Last trade - 16.10pm 12/11/2024 (20 minute delay)

IVZ (ASX) Chart