Ann: Musuma-1 selected as high-impact exploration well, page-482

Has anyone considered whether IVZ might look at reserves-based lending (RBL) to carry us through the next 12 months?

If they can firm up 2P reserves post-flow test and 3D, an RBL facility could provide non-dilutive funding and delay the need to give up working interest to a JV partner too early.

Would obviously depend on getting the PPSA signed and some kind of reserve certification, but could be a smart way to bridge the gap and retain more upside. Curious if others think it’s on the table?

See screenshot below from company website where RBL precedes JV/Farmout


https://www.invictusenergy.com/company-strategy/#project-plays