Agreed. Part of the hesitency from larger investors is that at...

Agreed. Part of the hesitency from larger investors is that at the end of the day, using a conservative estimate, CoS for each target is still only 14%, and we need to remember that. For us smaller guys given the stacked nature of targets many of us believe this is still a risk well worth taking however if those numbers change materially due to discoveries in the upper ranges big money will come pouring in.

Its a big if though, as stockle inc said in his video is less chance than rolling a dice and hoping it comes up 6. Obviously however if you look at the Invictus CoS post DHI uplift however those odds start to shift



EDIT:
Also of course this is only talking about the first well and we know that there are many more potential spots in the basin. However important to focus on first well from a share price perspective as if thats a complete duster it will no doubt take a hammering