IVZ 2.56% 8.0¢ invictus energy ltd

I think the potential for a farm out has almost faded IMO.Its...

  1. 16,375 Posts.
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    I think the potential for a farm out has almost faded IMO.
    Its going to be very interesting when the well contract is announced in the next few weeks.
    I think the price will be sub 20 million for 2 wells.
    At that cost I think shareholders would be a little peeved, I would be, if we farmed down.
    I think they would raise 20 million in an hour so long as the market knows the rig is booked and drill date set in cement.

 
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