IVZ 1.14% 8.7¢ invictus energy ltd

Because there was no indication before drilling we even had...

  1. 627 Posts.
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    Because there was no indication before drilling we even had seals in tact. There's a proven working system - it is not a duster.

    Is the resource commercially viable? We don't know, but as far as wildcat drills go this is already an excellent result. People jumped on looking for that short term explosion from a discovery who are now not getting it, and people don't want to sit around waiting for Baobab with their money tied up.

    Way I see it is this is a golden opportunity to average down and reap further rewards from a successful Baobab drill. It's still a gamble, but the odds are significantly higher after Mukuyu. I just hope our drills/team don't let us down next time, and also pray to hell we don't get diluted out beforehand.
 
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