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8.0¢ invictus energy ltd

Ammie IF we do farm down it will be a share sale not a transfer...

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Davy Boy

16,375 Posts.

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14/07/22

17:21

Post #: 62540885
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Originally posted by ammie: ↑

I am beginning to wonder if we are going to get those announcements pre-spud. They all seem to hang on the gazette so once the transfer of that has gone through all its administrative processes and is signed and delivered, then the others will fall in place, so it seems logical to think they'll drop in the next week or so. However, if they were delayed, would it really matter? It would place more emphasis on the first well being a success because IF the farm in were after spud, the partner(s) would either be paying a lot more or a lot less (depending on drilling results) and the first well wouldn't be derisked in anyway. So it would change the playing field but wouldn't be the end of the world for the company. Idle ponderings and probably a moot point. While there are a lot of announcements due, a lot can happen in the 3-6 weeks before drilling commences.

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Ammie IF we do farm down it will be a share sale not a transfer of WI.
There is simply not enough time.
In other farm downs I've seen there is usually a 60-90 day period for the government to say
a. Nothing which means a done deal or
b. The candidate is not suitable.
Either way it would take a minimum of 60 days + paperwork another 30 days IMO.

IVZ Price at posting: 21.0¢ Sentiment: Buy Disclosure: Held
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