IVZ Market capitalization simple resource calculation and...

  1. Zkt
    2,069 Posts.
    lightbulb Created with Sketch. 283
    IVZ Market capitalization simple resource calculation and assumptions.

    Invictus Resource, the first mover in the under-explored Cabora Bassa Basin, Zimbabwe, one of the last undrilled Oil & Gas basins in Africa SG 4571 Zimbabwe.

    Mzarabani Prospect is the largest undrilled conventional oil and gas prospect onshore Africa.

    Only verified resources used in calculations: 8.2Tcf + 247 million barrels of conventional gas-condensate1 (~1.6 billion boe) independently verified.

    OneBOEis roughly equivalent to 5,800 cubic feet of natural gas or 58 CCF or 5.8 MCF.

    1,600,000,000 x 5,800 = 9.28Tcf natural gas resource
    1 Trillion Cubic FeettoBarrels Of Oil= 178107606679.04

    For our estimated natural gas resource value we can use Btu, 1 MMBtu is equal to 1 million BTU (British Thermal Unit). Natural gas is measured in MMBtu's. 1 MMBtu =28.263682m3 of natural gas at defined temperature and pressure. 1 standard cubic foot of natural gas yields ≈ 1030 BTU (between 1010 BTU and 1070 BTU, depending on quality, when burned).

    Thus, as 1 Trillion British Thermal Units is equivalent to 1.035 Billion cubic feet of natural gas converted.

    = (8.2Tcf / 1,000,000,000) / 1.035 = 7,923 x 1,000 = 7,923,000 MMBtu's

    Natural gas price assumption-
    Yesterday natural gas prices moved sideways, forming an inside day as the high was lower than the prior days high and the low was higher than the prior days low. Resistance is seen near the 10-day moving average at $2.57 USD.
    https://hotcopper.com.au/data/attachments/3080/3080050-6c39767ffbf7c3172a76aee97e369828.jpg
    = 7,923,000 MMBtu's x $2.57 = $20.3 Billion

    = $20.3 billionless dillution = $4.87Billion
    Includes PSA gives government 50% = $10.15 billion
    And asume 40% farm in dilution leave $6.09 billion and our share (80% of JV in geo associates) = $4.87B


    Note: Excluding 1. independently verified 247 millions of conventional gas condensate. 2. Preemptive additional natural gas discoveries 3. Black gold discovery.

    Future share price prediction in short term on Seismic announcement; The Moon. Dyor
    Last edited by Zkt: 13/04/21
 
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.