IVZ 0.00% 7.8¢ invictus energy ltd

What we know - positives1. Massive Gas reserves - FACT2. Strong...

  1. 682 Posts.
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    What we know - positives

    1. Massive Gas reserves - FACT
    2. Strong Executive team with African experience - FACT
    3. Massive need for their product - FACT
    4. Highly likely big reserve of light oil - Probable, not yet concrete fact
    5. CEO is trying his best to deliver - FACT
    6. Overpressure zone exists in Lower Angwa
    7. Government has been spruiking the discovery (showing they are excited)

    What we know - negatives:
    1. Challenging country to ethically deal with
    2. Funding uncertain
    3. Regulatory environment uncertain
    4. Flow rate untested (likely to be fine due to overpressure - but objective quality evidence is required)

    The basin has $Billions in NPV. That's not the issue. It's can IVZ successfully extract it in Zimbabwe.

    If this was in Australia, it would be a completely different story. The market cap would currently be $500M and funding wouldn't be a challenge. Fact is, it's in Zimbabwe.
 
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