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Ann: Drilling Update Preparing to Reach Primary Targets, page-54

  1. onthepunt
    5,129 Posts.
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    26/10/22
    09:53
    Post #: 64399465
    The Upper Angwa was always the best target, right back to the original Mobil seismic when they reported near 100% chance of gas. If anything, today's announcement proves the seismic can identify hydrocarbons, and we now have much more confidence in the seal above the next (primary) targets. The 200 will be re-drilled at some point to test the actual reservoir away from the faulted area. It's not easy to hold on a day like this, but there is opportunity here too.
    IVZ Price at posting: 14.5¢ Sentiment: Hold Disclosure: Held
    Likes Created with Sketch. 16  Upvote
    lightbulb Created with Sketch.  Great analysis
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