IVZ 1.47% 6.7¢ invictus energy ltd

Ann: Invictus Awards Well Services Contract to Baker Hughes, page-33

  1. 16,509 Posts.
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    Agree but that is based on the assumption the update is on Muz-1 was my point.

    Muz-1 has been independently updated by 2 companies.
    The new well location, in a completely separate play, has not been given any number yet.
    IMO it would be an ASX requirement and hence the statement update rather than upgrade as it has nothing to upgrade from.

    We know Scott has stated many times there will be an upgrade.
    What we don't know is where from.
    My guess is it will come from the second well location.
    It must be material enough for them to drill it.
    I don't think potential farm in partners would require it. They would do their own DD. Some jurisdictions don't require independent resource estimates like the ASX does.
 
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