Great result, monster target in a continent well short on onshore gas.
The real work work starts now for management where we will see what they are made of. All the old data and more given to the qualified person (who signed off on the release today) will be put in a data room for review by deeper pockets. Management need to convince one of these elephant hunters that their prospect is worth a punt and the majority of the drilling cost for that punt.
Simple sell the news for traders.
IVZ Price at posting:
4.1¢ Sentiment: Buy Disclosure: Held
