With the share price down 50% the company is now forced to seriously pursue the farm-out route.
If the ASX market won't support them then they will need to find a corporate solution ie. JV.
A farm-out partner will need to provide funding ideally for 3 wells - Mukuyu-2, Baobab, 3D seismic and one other Central Fairway play.
That would be a great farm-out deal assuming IVZ can retain at least 50% ownership.
Strategic partners will look at Mukuyu-1 results for what they actually are ie. really quite good considering the first well in the Basin!
I appreciate ASX punters are looking for a quick buck and IVZ failed to deliver that today hence the sell-off.
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8.0¢ |
Change
-0.001(1.23%) |
Mkt cap ! $114.8M |
Open | High | Low | Value | Volume |
8.0¢ | 8.1¢ | 7.9¢ | $49.35K | 617.1K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 4668 | 7.9¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
8.0¢ | 93976 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 4668 | 0.079 |
3 | 267955 | 0.078 |
8 | 345603 | 0.077 |
4 | 255657 | 0.076 |
3 | 245000 | 0.075 |
Price($) | Vol. | No. |
---|---|---|
0.080 | 100000 | 1 |
0.081 | 343873 | 1 |
0.082 | 200000 | 1 |
0.083 | 306895 | 2 |
0.084 | 280000 | 1 |
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