FAR was a 1 billion dollar EV company on its 2014 discovery and offshore and as you know offshore is significantly more expensive. Got sold for its tenement 250 million dollars
IVZ 110 million EV on its discovery and it’s a whole basin. There is no upside in IVZ to even consider it even close to FAR. The resource discovery of IVZ is larger than FAR as well
So if you’re comparing IVZ to FAR back in 2014 totally different and it also tells you how undervalued IVZ is currently. Still going multiples
Ann: Quarterly Activities Report, page-45
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