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6.7¢ invictus energy ltd

For me the string of pearls well BB1 is more about securing the...

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Davy Boy

16,093 Posts.

3697

01/01/24

13:00

Post #: 71681148
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Originally posted by butcherano: ↑

You’re spot on with my motivation for these posts @Greenocean. And if it’s achieved nothing else, at least the forum isn’t swamped by capital raising fud posts.... And like you say I’m still looking forward to hearing some more feedback from the other usual suspects as well.

Definitely agree with that @Kiwigeo8339. But the key for us is being lucky enough to have success on the first string of pearls prospect to open up the rest. This first exploration well on the basin margin is still going to be high risk. And I personally would prefer to see our market cap much higher through success in the central fairway and proving up Mukuyu prior to drilling out on the basin margin to lessen the effects to our share price if we don’t hit success on the first well. We’d still have the same upside from success but we’d be more protected from the downside on failure. This is why I’m assuming that by putting Baobab on the back burner would be a strategic decision by the company. AIMO

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For me the string of pearls well BB1 is more about securing the extended leases in the cheapest way possible.
IMO they will drill BB1 straight after deepening/flowing MK2 as its only 1200m deep.

IVZ Price at posting: 11.5¢ Sentiment: Hold Disclosure: Held
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(20min delay)
Last 6.7¢		Change -0.002(2.90%)		Mkt cap ! $94.99M

Open	High	Low	Value	Volume
6.8¢	7.0¢	6.7¢	$101.4K	1.486M

Buyers (Bids)

No.	Vol.	Price($)
9	506473	6.7¢

Sellers (Offers)

Price($)	Vol.	No.
6.8¢	34903	2

View Market Depth

No.	Vol.	Price($)
9	506473	0.067
8	347109	0.066
7	310406	0.065
3	448890	0.064
1	1	0.063

Price($)	Vol.	No.
0.068	34903	2
0.069	391144	3
0.070	386548	4
0.072	17354	2
0.073	1100000	3

Last trade - 16.10pm 28/05/2024 (20 minute delay)


Last 6.8¢			Change -0.002 ( 0.00 %)
Open	High		Low	Volume
6.8¢	7.0¢		6.8¢	731422
Last updated 14.42pm 28/05/2024 ?

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