IVZ 11.0% 8.1¢ invictus energy ltd

I think the earliest drilling option is the best as it will keep...

  1. 85 Posts.
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    I think the earliest drilling option is the best as it will keep the market interested and therefore help the share price. I think the earliest drilling scenario would be:
    - announce plans (Feb)
    - raise only enough additional money for drilling Boabab and 3D seismic of Mukuyu (Mar)
    - conduct 3D seismic for Mukuyu asap
    - complete rig mods, long lead orders and service contract (May)
    - move rig to Boabab and drill when M2 seismic processing is complete (Jun)
    - farm out Mukuyu prior to results of Boabab (share price should be much higher than it is now) (Jul)
    - Drill M2 (Oct)

    the big unknown is the availability of the service contractor which sounds as though it will drive the overall schedule
 
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