IVZ
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1.61% 6.3¢ invictus energy ltd

I like it, it's a much more realistic valuationA minimum case...

  1. Grfe4
    681 Posts.
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    05/09/23
    22:51
    Post #: 69745069
    I like it, it's a much more realistic valuation

    A minimum case might be at least 400m net pay on Mukuyu because we don't know the thickness of the Lower Angwa. Then assume min case 35 m oil and the remainder is gas condensate. It might correspond to 1.5 * 5.21 + 5.21 = AUD 13 for successful wireline results. If you assume M1 and M2 represent 15 -20 of the area, range could be at least AUD 2.00 to AUD 2.60
    IVZ Price at posting: 18.5¢ Sentiment: Buy Disclosure: Held
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    lightbulb Created with Sketch. 1  Great analysis
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