IVZ 1.61% 6.3¢ invictus energy ltd

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  1. 5,633 Posts.
    lightbulb Created with Sketch. 479
    Yep, may not drill for 18 months for sure. Will have to see the terms of the farm-out. Fortunately they don't need a CR as this is run pretty tight so I am personally happy to wait.

    I also personally think a good farm-out outcome would get the SP trending up as the prospect of a *potential* discovery becomes quite 'real'. Only have to look at other African oil and gas explorers to see what can happen to a chart in the 12 - 24 months following farm-out while waiting for seismic and future drilling.

    Place your bets.
 
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