IVZ invictus energy ltd

Yep, I'm sure those Farmout partners in discussion with SM atm...

  1. 2,857 Posts.
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    Yep, I'm sure those Farmout partners in discussion with SM atm have no clue and are just readying themselves to sign blindly in leu of no well test...

    In all seriousness and to those with a shred of common sense, Scott has released enough data publicly on how/why Mk2 and 1 were deemed to be discoveries. Sensitive data is with held to the data room for farmout partners. From all reports, farmout partners have dissected the data and look likely to proceed. Personally, I'd take there professional understanding/viewpoint to sign as pretty darn solid it will flow!

    But the main factor in all this, Scott has saved/avoided about a half billion shares of dilution by holding off on a well test that ultimately wasn't prudent at the time or required based on the exceptional data already obtained. So exceptional, farmout partners and Offtakers alike have been attracted to the project from the date of discovery. That to me reflects those in the know see plenty of value not only in Mk2/1,but in the basin wide coverage IVZ hold.

    As for wannabe oil companies. I can see that your a fan of PCL. Hmmm. 8.3 billion Shares outstanding! .02 cemts Ouch...I mean really? I wouldn't be throwing around the phrase 'Wanna be oil companies' if that's your stock of choice. Just saying...bit rich.


 
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