IVZ 1.49% 6.8¢ invictus energy ltd

Ann: Strong Gas Shows in Multiple Upper & Lower Angwa Reservoirs, page-539

  1. 10,189 Posts.
    lightbulb Created with Sketch. 1986
    It’s a 220 million market cap when they are about to discover a resource somewhere between 35-55TCF and light oil and helium and unlocking a whole basin. Worth billions it’s going to be soaked

    Discovery is a given. People worried about tools the hole is completely different than Mk1
  2. 5,210 Posts.
    lightbulb Created with Sketch. 2489
    Hard to tell for this well. The rig was warm stacked since M1 finished so mobilisation costs were less. Against that we're using SLB for alot of well services so premium costs there. We have raised plenty though so I would suggest around $40m including contingencies and some in the bank for future 3D and hopefully flow testing. I could be wrong by $10m either way though.
 
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