Typically gas producers pay much of the pipeline infrastructure to market/refiners or in JV with industrial gas distributors. Av cost of US gas pipeline construction in 2015-16 around $7.65 million/mile ($4.75 million/km). Doubt that Zimbabwe costs would be lower than this and materials have virtually doubled over the past 9 years. How does that relate to IVZ ... I held CTP for almost 15 years on the basis of many finds of O & G that mostly were uneconomic in scale or relied upon expensive infrastructure that compromised financial viability - not always but enough times. I do hope that IVZ can maximise its discoveries but have serious concerns on bringing the potential to production. Oil you can store in tanks & road tankers whereas gas requires more complicated infrastructure to maximise the resource. Just saying IVZ still has a lot of project workings to do before the party can get serious.
I did hold IVZ earlier this year and now just monitoring the situation.
Best for 2024 GLTAHs
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Mkt cap ! $100.6M |
Open | High | Low | Value | Volume |
7.1¢ | 7.2¢ | 7.1¢ | $12.93K | 182.1K |
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No. | Vol. | Price($) |
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2 | 437836 | 7.1¢ |
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Price($) | Vol. | No. |
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7.2¢ | 284137 | 5 |
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No. | Vol. | Price($) |
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2 | 437836 | 0.071 |
14 | 528970 | 0.070 |
4 | 81000 | 0.068 |
3 | 358237 | 0.067 |
5 | 187600 | 0.066 |
Price($) | Vol. | No. |
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0.072 | 284137 | 5 |
0.073 | 77261 | 3 |
0.074 | 24537 | 1 |
0.075 | 50000 | 1 |
0.076 | 380000 | 1 |
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