Similar stratigraphy. Recon defined targets using aeromag alone,...

  1. 9,327 Posts.
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    Similar stratigraphy. Recon defined targets using aeromag alone, whereas IVZ have Mobil's extensive data set and are about to start infill 2D seismic (may well uncover further targets). IVZ's multi stacked targets are significantly larger. Considering 88E got 1bill market cap on hype alone, IVZ presents good value at a lick over 100mill (88E still more than double the MC lol....) and is the real deal. MD has put in a mountain of work gaining govt approvals and to expidite production in a success case. Chairman has a 90% strike rate of succesful wells, unheard of in the O&G space. Anyway, plenty of info over there that us long term holders have been posting over the last few years. Now we're finally getting to the pointy end of the ASX's biggest, highest impact O&G target....
 
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