IVZ 4.05% 7.7¢ invictus energy ltd

Ann: 2D Seismic Identifies Multiple Prospects in Dande Formation, page-27

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  1. 8,707 Posts.
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    This is good news. It gives them a few more options.
    For example, they could farm down Mukukyu (a deep and expensive structure) to a major, and keep the cheaper and easier structure to drill themselves.
    They could farm out 50% of Mukuyu for, say, $75 million, including a cash component to drill the Dande independently.
    Mukuyu is going to be a struggle for a microcap to develop alone.
 
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