I seriously hope you are not actually comparing offshore to onshore? Ivz can start small and ramp up. Offshore requires mass spending upfront. Exploration expenditure would include the Mobil data. I take your point about well costs, They are expensive but I’d guess both sidetracks cost 10 million each. They should be a thing of the past now and despite the cost it could be worse we could have nothing. The flow test will set the scene but I have a nagging feeling not much is going to happen until the Ppsa is sorted.
IVZ Price at posting:
8.7¢ Sentiment: Buy Disclosure: Held
