I will reserve full judgement on this until after I see the basin margin exploration targets announcement.
The share price performance going forwards will largely hinge on this.
If they have another 500MMBLS of oil to go after in multiple targets then I can see IVN share price recovering very quickly after the cap raise.
It is good they are now fully funded and owning 100% will lead to a better outcome for shareholders on success.
I still expect success from Upper Angwa horizon.
