Good article. And there it quite clearly states PEDPA.
"Geo-Associates owns the controlling stake in Invictus Energy, the Australia Stock Exchange-listed company that has made significant progress in exploring for oil and gas in Muzarabani.
The company says it will sink between US$15 million and US$30 million towards drilling of two oil and gas test wells in Muzarabani by October."
A bit unsure if that is a quote from geo-associates or Invictus. I thought the October time frame was slipping a little but then, there is a difference between "sink between US$15 million and US$30 million towards drilling" and actual drilling by October
IVZ Price at posting:
14.5¢ Sentiment: Buy Disclosure: Held
