IVZ 3.13% 6.2¢ invictus energy ltd

Ann: 2D Seismic commences at the Cabora Bassa Project, page-42

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  1. 16,688 Posts.
    lightbulb Created with Sketch. 4022
    2 Dozers of that size could build the MCG in 4-6 weeks. The biggest tree I've seen there I could pull out with my ute.

    I find it weird that posters are hung up on the service provider.
    SM would have to be the biggest dunce on the planet to announce a drilling programme, raise ALL the cash required and repeatedly state that spud is on track for Q3, then not deliver.

    Those thinking a farm in is possible are also dreaming IMO.
    The company has stated, via the meeting report from a poster here, that they are not interested in farming down to a small player but need someone with deep pockets to get it to production.
    The problem with those companies is they likely couldn't get themselves organised to drill a well this year and we would have to hand them effective control to even get them interested which would mean we are simply along for the ride.
    The above makes complete sense.
    We have raised the cash required to drill Mk2 and book a discovery, anyone who reckons that Mk2 is in jeopardy, and still holds, has me completely confused as to why you would still be here??


 
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