Great info OTP, sounds like we are setting up to go it alone with our full WI or with a much reduced farm in partner. Ordering well heads and casings, also to lock in drill rigs and crew contracts while available with this CR money. Seismic funded by ivz now too, what is left for a farm in partner to do, other than be an investor and provide money.
I think the SP by midyear will be high enough to raise the rest easily. The dilution from a farm in partner will be far greater from here on in than any CR imo. We have a very experienced board in the oil and gas industry and any specialised serviced could be sought independantly of a farm in partner imo.
A development partner after discovery would be a far greater pathway financially for IVZ if any farm in partner now, is essentially only bringing money to the table for a huge WI%. This is looking better and better to me. Thanks again for sharing OTP and Scott. Great work and risk management covering off potential gaps that could prevent the drill happening this year.
IVZ Price at posting:
14.0¢ Sentiment: Buy Disclosure: Held
