IVZ 2.82% 7.3¢ invictus energy ltd

Ann: Preliminary Wireline results shows Multiple Potential Zones, page-115

  1. 1,337 Posts.
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    The value of Mukuyu-1 has theoretically gone up today in NPV terms.

    - initial wireline logging results look good = higher probability of success
    - drilling deeper = Lower Angwa now comes into play so we now have option value/discovery potential, didn't have this yesterday!
    - 5-7 day delay = zero impact on NPV assuming a 50+ year gas field life

    Someone explain to me why the share price will go down?

    Am I being too analytical?
 
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