IVZ 2.67% 7.7¢ invictus energy ltd

Ann: Full Year Statutory Accounts, page-8

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    Some cut and paste discussion points looks like they have contracted for 9 more million for the well if I assume if all goes well ?

    Exploration and evaluation commitmentsExploration and evaluation expenditure contractually committed to as at
    30 June 2023 is as follows:
    30-Jun-23 A$
    Not later than 1 year 9,027,476

    They've given their calculation probabilities for performance share's to reach these prices at 20%
    Performance Hurdle 20 Day VWAP of $0.50 or higher 20 Day VWAP of $0.75 or higher
    Probability of success (%) 20% 20%


 
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