IVZ

2.67%

7.7¢ invictus energy ltd

Ann: Trading Halt, page-793

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24/12/23

13:55

Post #: 71610202
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Originally posted by Brentb: ↑

Do not think you have any concept of O & G exploration and what it takes to even get a exploration permit.
Along with every other O & G company that I am involved in, it sucks up money until it gets to the point of where we are now and each other well will be costing just as much if not more as we have another 18 wells in this campaign to drill.
I would expect with increases in resource area that we could double the amount of wells.
The reason we drilled MK first is that we know that what is down there is of commercial quantity via previous Surveys etc.
With this knowledge we can quickly turn MK2 into a production well and the possibly go back to MK1 and re-drill there for a second production well.
Revenue from these well(s) will be quick and with Tatanga partnership in the development of CC power generation project 1st stage 50MW to total of 500MW then second stage another 50MW totaling 1-1.3GW.
The quicker we can get generation moving the quicker we have revenue.

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You own more company’s than Soul Patts. You’ve got nfi what you are doing.

IVZ Price at posting: 15.5¢ Sentiment: None Disclosure: Not Held
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Ann: Trading Halt, page-793

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