IVZ 0.00% 6.9¢ invictus energy ltd

Ann: Mukuyu-2 Drilling Update, page-319

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    Chances of M2 being a discovery? High....if I was asked to put a number on it...70%. That's a personal opinion based on a very limited amount of information. My focus is the Upper and particularly Lower Angwa Formation. The shallower targets I'm treating as a nice little extra if they come in with moveable hydrocarbons.

    The share price? God knows. Right now I think we're at a point where there are a sh*t load lot of shares bought at a cheap price floating around that that need to be offloaded by their owners before the price starts to pick up. That said.....positive results from the 12-1/4" wireline logging job will drive a rebound in the price.
 
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