It was my belief that it would take approx. 2 months. However, as the prospect has multiple traps, if the drilling rig encountered any gas/oil on the way down IVZ would have to announce it. So we would know before the whole structure is drilled whether or not we have O&G.
As you've already stated, the timeline can be influenced by a range of factors such as the drilling rig, team, sediment, running into complications, weather etc etc
I am currently writing up a future timeline based upon comments from Scott, company announcements and some speculation. Will be out later this morning. It is part speculation and based upon my opinion but at least will serve as a guide
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Mkt cap ! $94.99M |
Open | High | Low | Value | Volume |
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Last updated 15.56pm 13/05/2024 ? |
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MGU
MAGNUM MINING AND EXPLORATION LIMITED
Neil Goodman, MD
Neil Goodman
MD
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