IVZ 2.67% 7.7¢ invictus energy ltd

Ann: 7-Fold increase in Permit & Sovereign Wealth Fund Agreement, page-158

  1. 16,357 Posts.
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    Yes its a reality check.
    I really am starting to wonder how many TCF we will end up targeting?
    If Mukuyu is now going to be anywhere from 10-15 TCF + fluids and Acacia probably 2-3 TCF....who knows could be lots more but I suspect not a whole lot less given Msasa has been overlooked, we could be looking at over 20TCF, including fluids, that is about the equivalent of 3500 mmbbls!
    I was sort of in the farm in camp but I now believe that unless we get a super duper deal we should go this alone.
    By super duper I mean 2 wells for 75% of costs for 25%.
    35 million is absolute chicken feed and we could raise it easily.
    $1 for every 100 barrels.
 
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