IVZ

1.45%

6.8¢ invictus energy ltd

interesting although I still don't get how they could...

First 7530 Last

Share
Profile

Follow
barneydigs

6,685 Posts.

2071

03/11/22

08:37

Post #: 64559806
Share

Originally posted by DigitalRoman: ↑

This is a repost from SkyRain on the old Mobil report:

A bit of history re. Mobil in Zimbabwe.
https://www.sundaymail.co.zw/oil-gas-reserves-found-in-zim
These guys were very bullish at the time but obviously had to deal with Mugabe which put everyone off...

An extract below...

Sedimentologist and geological consultant Dr Dennis Shoko, who worked with Mobil on the initialexploration, said: “The work carried out by Mobil was very extensive and the results they produced were very positive. Their surveys included airborne geo-physical work. They worked on the structure of our basin in areas such as the Mana Pools, the Cabora Basin and Zambezi Basin.“Their conclusion was that there was an almost 100 percent potential of gas, which then makes having oil a possibility. They then proposed to have a joint venture with Government to begin work that included drilling and setting up a 4km-deep borehole. But at that time, Government said it was not apriority and turned down the joint venture.”He added: “In recent years, an oil leak was discovered in Lupane, meaning there is high chance that there is oil in the Cabora Basin, which covers the north part of the country and the area between the escarpment and the Zambezi River. Remember we also share this basin with Mozambique, which has also discovered oil.

Expand

interesting although I still don't get how they could conclude 100%. IVZ had all that work and did heaps more and went into the drill with CoS around the 15% (although I guess mobile didn't say commercial gas, just gas). Moot point I guess lol as we have found gas so albeit in a horizon Mobil we're not looking at. So mobil were right!

IVZ Price at posting: 13.5¢ Sentiment: Buy Disclosure: Held
6 Upvote

0 Great analysis

Reply

Top Stories

Making money: How many microcaps should be in an investor's portfolio?

The Altcoin Landscape (Part 1): Key alternative cryptocurrencies to watch

Bitcoin hits fresh record as instos pile into BTC ETFs – and Trump helps, too

Week 44 Wrap: Relatively boring week ahead of US election; HotCopper's most watched; Oz inflation at 3.5%

Palladium's the newest geopolitical hot commodity. But ASX exposure is limited

What each US election outcome would mean for Australian companies & investors

'We're looking': Nickel-rich Indonesia sounds graphite warning to Aus producers

MIN

Movers and Shakers: Zip Co, MinRes, Kuniko, more – The week's top ASX gainers

Aussie inflation seemingly hit a 3 year low. So why's the ASX200 red?

MKT

The ASX can overlook its Telecomm small-caps. Here’s one diversified brand with an international footprint

There are more pages in this discussion • 15,828 more messages in this thread...

First 7530 Last

Add IVZ (ASX) to my watchlist

(20min delay)
Last 6.8¢		Change -0.001(1.45%)		Mkt cap ! $103.1M

Open	High	Low	Value	Volume
7.1¢	7.1¢	6.8¢	$14.59K	209.8K

Buyers (Bids)

No.	Vol.	Price($)
4	87754	6.8¢

Sellers (Offers)

Price($)	Vol.	No.
6.9¢	150002	2

View Market Depth

No.	Vol.	Price($)
4	87754	0.068
2	194997	0.067
4	400461	0.066
6	709935	0.065
3	532500	0.064

Price($)	Vol.	No.
0.069	150000	1
0.072	405000	2
0.073	370281	3
0.074	453798	2
0.075	1381014	2

Last trade - 15.59pm 01/11/2024 (20 minute delay)

IVZ (ASX) Chart

interesting although I still don't get how they could...

Making money: How many microcaps should be in an investor's portfolio?

The Altcoin Landscape (Part 1): Key alternative cryptocurrencies to watch

Bitcoin hits fresh record as instos pile into BTC ETFs – and Trump helps, too

Week 44 Wrap: Relatively boring week ahead of US election; HotCopper's most watched; Oz inflation at 3.5%

Palladium's the newest geopolitical hot commodity. But ASX exposure is limited

What each US election outcome would mean for Australian companies & investors

'We're looking': Nickel-rich Indonesia sounds graphite warning to Aus producers

Movers and Shakers: Zip Co, MinRes, Kuniko, more – The week's top ASX gainers

Aussie inflation seemingly hit a 3 year low. So why's the ASX200 red?

The ASX can overlook its Telecomm small-caps. Here’s one diversified brand with an international footprint

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News

interesting although I still don&apos;t get how they could...

Top Stories

Making money: How many microcaps should be in an investor's portfolio?

The Altcoin Landscape (Part 1): Key alternative cryptocurrencies to watch

Bitcoin hits fresh record as instos pile into BTC ETFs – and Trump helps, too

Week 44 Wrap: Relatively boring week ahead of US election; HotCopper's most watched; Oz inflation at 3.5%

Palladium's the newest geopolitical hot commodity. But ASX exposure is limited

What each US election outcome would mean for Australian companies & investors

'We're looking': Nickel-rich Indonesia sounds graphite warning to Aus producers

Movers and Shakers: Zip Co, MinRes, Kuniko, more – The week's top ASX gainers

Aussie inflation seemingly hit a 3 year low. So why's the ASX200 red?

The ASX can overlook its Telecomm small-caps. Here’s one diversified brand with an international footprint

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News

interesting although I still don't get how they could...