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3.38%

7.2¢ invictus energy ltd

Here he is, how was coffee with the big fella?

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CountStonkula

888 Posts.

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29/07/24

11:28

Post #: 74960559
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Originally posted by 7seven7: ↑

Excellent outcome here to raise at a very decent premium (~25%) as a few of us here had predicted.

Seems the PPSA will come good very soon - on Africa time.

We are very well funded now for the next small chapter and I think the JV deal / farm-out won't take too long now to mature also. I have had a feeling that it is contingent to the PPSA signing.

So it seems after this raise we have the funding in place for the continuation of the various studies and business activities, 3D seismic, well test + deepening and testing. And I guess completion of the well in a way that will allow it to be part of the early production pilot.

Then I am guessing the next big chunk of funds will come from our future JV partner and I expect the amount to be enough to pay for at least 3 additional wells (1 in the basin margin, 1 to the east and 1 either additional east or additional Mukuyu on a sweet spot that they see from the pending 3D seismic).

Seems we are ticking boxes and the patient may be very well rewarded in the coming years.

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Here he is, how was coffee with the big fella?

IVZ Price at posting: 8.6¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 7.2¢		Change -0.003(3.38%)		Mkt cap ! $106.6M

Open	High	Low	Value	Volume
7.2¢	7.2¢	7.1¢	$14.71K	205.2K

Buyers (Bids)

No.	Vol.	Price($)
7	748464	7.1¢

Sellers (Offers)

Price($)	Vol.	No.
7.2¢	6965	1

View Market Depth

No.	Vol.	Price($)
7	748464	0.071
12	1156294	0.070
4	293845	0.069
3	234720	0.068
2	254700	0.067

Price($)	Vol.	No.
0.072	20715	1
0.073	232000	2
0.074	592617	3
0.075	647905	6
0.076	1020000	5

Last trade - 10.31am 05/09/2024 (20 minute delay)

IVZ (ASX) Chart