"Majors are cumbersome, require review after review to make a...

First 458 Last

Share
Profile

Follow
Kiwigeo8339

3,706 Posts.

2852

21/09/23

23:39

Post #: 69968320
Share

Originally posted by 7seven7: ↑

What? Complications while drilling in a new basin? No way! Thanks for the analysis.

No major would have farmed in to this to fund 3 wells + back costs for 51%, you would be talking a $100M farm-in. If this was acreage in a highly proven basin then why not... but that is not the situation we are on so there's no point comparing IVZ to such a scenario as it would never have been on the table. Scott has consistently chosen the least dilutive option. If we had a farm-in offer that was less dilutive than sole funding, it would have been done.

Agree some of the CRs have been too cheap.

I work for an international major and to be honest, I think it is better in this situation of wildcat drilling in a new country that a small company is managing the program. Majors are cumbersome, require review after review to make a decision and are not agile to make quick changes/decisions during operations. Again, if IVZ was exploring in acreage adjacent to where majors are already operating then it may be better for said major to take control... but no majors are operating in Zimbabwe and I would be confident to say that Scott and the team have much better in-country contacts than majors would at this stage...

Expand

"Majors are cumbersome, require review after review to make a decision and are not agile to make quick changes/decisions during operations"

Cumbersome says it all.......every job Ive done for an oil major has been like working for a small government.

IVZ Price at posting: 16.5¢ Sentiment: Buy Disclosure: Held
11 Upvote

1 Great analysis

Reply

Top Stories

PAM

Pan Asia rebranding to 'clear confusion' after bagging $35M for Chile projects

3DA

To make modern missiles, you need 3D Printing. And in that gold rush, Amaero is selling shovels

BTH

Bigtincan's Board backs Investcorp offer: Why a NASDAQ listing could be game-changing

RAD

Radiopharm extends radioimmunotherapy trial to 5 more cancer types

SGP

Things finally 'looking different' for up-and-down Hot Stock tip Stockland

First 458 Last

Add IVZ (ASX) to my watchlist

(20min delay)
Last 6.1¢		Change -0.001(1.61%)		Mkt cap ! $92.50M

Open	High	Low	Value	Volume
6.2¢	6.3¢	6.1¢	$43.07K	696.5K

Buyers (Bids)

No.	Vol.	Price($)
5	241119	6.1¢

Sellers (Offers)

Price($)	Vol.	No.
6.2¢	89913	3

View Market Depth

No.	Vol.	Price($)
5	241119	0.061
6	414118	0.060
5	241949	0.059
6	316058	0.058
2	333157	0.057

Price($)	Vol.	No.
0.062	89913	3
0.063	100000	1
0.064	70000	1
0.065	111248	2
0.066	15000	1

Last trade - 15.50pm 19/11/2024 (20 minute delay)

IVZ (ASX) Chart

"Majors are cumbersome, require review after review to make a...

Pan Asia rebranding to 'clear confusion' after bagging $35M for Chile projects

To make modern missiles, you need 3D Printing. And in that gold rush, Amaero is selling shovels

Bigtincan's Board backs Investcorp offer: Why a NASDAQ listing could be game-changing

Radiopharm extends radioimmunotherapy trial to 5 more cancer types

Things finally 'looking different' for up-and-down Hot Stock tip Stockland

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News

"Majors are cumbersome, require review after review to make a...

Top Stories

Pan Asia rebranding to 'clear confusion' after bagging $35M for Chile projects

To make modern missiles, you need 3D Printing. And in that gold rush, Amaero is selling shovels

Bigtincan's Board backs Investcorp offer: Why a NASDAQ listing could be game-changing

Radiopharm extends radioimmunotherapy trial to 5 more cancer types

Things finally 'looking different' for up-and-down Hot Stock tip Stockland

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News