Its a little hard to say what is good, bad or ugly without looking, or reporting, what the dough has been spent on. For example the 7 inch casing for Mk 2 deepening and flow testing was mobilised whilst drilling MK2. What else have they paid for in long lead terms? Its one area where I believe the company need to lift their game on, disclosure of the budget for wells ect.
IVZ Price at posting:
7.4¢ Sentiment: Buy Disclosure: Held
