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12.8%

8.8¢ invictus energy ltd

Ann: Securities Placement Capacity Update, page-56

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Hersheys7

667 Posts.

79

08/09/23

21:04

Post #: 69792053
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Originally posted by petere: ↑

I don't think this is a do-or-die effort on Mukuyu-2. There are too many leads in the prospect and Mukuyu-1 has demonstrated hydrocarbons in all intervals. As SM has previously stated you can't disprove there are hydrocarbons present. (But hard to prove a negative)

The other thing to consider is that the 2D seismic in the east will add to the "prospective resource". For any up-and-coming farm-in this will add further value to the prospect. A lot of junior oil companies only do seismic and evaluation and farmout. IVZ will have drilled at least 2 wells before farmout. And not cheap wells.

In Mukuyu-1 SM has stated there are hydrocarbons and as such the OWC/GWC is deeper. The leads in the east are at shallower depths and as SM has stated in the latest presentation and earlier there is 4/way closure in the leads to the east.

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I agree. With a working hydrocarbon system proven and all the other potential prospects i cant see them walking away from it all if M2 doesnt go to plan

IVZ Price at posting: 16.5¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 8.8¢		Change 0.010(12.8%)		Mkt cap ! $123.3M

Open	High	Low	Value	Volume
8.8¢	9.4¢	8.2¢	$1.916M	21.66M

Buyers (Bids)

No.	Vol.	Price($)
2	217441	8.7¢

Sellers (Offers)

Price($)	Vol.	No.
8.8¢	35756	1

View Market Depth

No.	Vol.	Price($)
2	217441	0.087
3	172669	0.086
5	323000	0.085
4	263700	0.084
5	552830	0.083

Price($)	Vol.	No.
0.088	35756	1
0.089	300000	1
0.090	1080473	2
0.091	15000	1
0.092	310000	2

Last trade - 16.10pm 29/07/2024 (20 minute delay)

IVZ (ASX) Chart