Ann: Invictus Energy Shareholder Briefing, page-289

Although we might have overspent on a per well basis, both wells hit what appears to be commercial amounts of hydrocarbons. Many companies have multiple dry wells before making a discovery. After accounting for the dry wells that we never drilled, my guess is we are far ahead of most exploration companies on a discovered resource per dollar spent. With that said, I agree the farm in company likely won't care about how much Invictus has spent and will instead be much more focused on the potential resource and the data that's been gathered.