Yes on 1-4
Wait and see on 5-9 but more likely a no on currently available information.
There’s definitely a lot going on that can’t be announced but that doesn’t automatically mean an entitlement to 10.5c shares in a success case. It actually means the opposite. Set some hard performance targets and hit them.
My question to holders who think the PPSA will give us a rocket: why? Just due to more certainty and probable farm in?
When people see an announcement that ~50-60% of profit gas goes to government I reckon there will be another outbreak of complaining that we’ve been too generous, even though it should be well understood by now that it’s broadly in line with others in the region.
I keep going back to the theory that we sell the majority of Mukuyu and take on the EPOs ourself, either before or after testing. I think that would make the dial move, especially if we drill multiple wells next year and hit consistently. If we test Mukuyu and can get commercial flows from the LA (and hopefully above) that’s also obviously a re-rate event whether we hold 80% or 20%.
Always so many questions with this stock, and answers that create more questions. And a MD who’s gone dark on the comms. The next 6 weeks will hopefully give more clarity.
IVZ Price at posting:
7.0¢ Sentiment: None Disclosure: Held
