butch,
Thanks for the welcome dose of skepticism and reality to temper the IVZ dreamtime story;
"Not going to talk on his behalf but I think he’s probably as shell-shocked as I am about how we went from > 1,000m of hydrocarbon shows at MK-1 to > 200m of gross hydrocarbon bearing reservoir to just 14m net pay in the Upper Angwa at MK-2. Not to mention the continued mention of a risk of lateral extensiveness by IVZ"
and
"That’s the other problem though. They’ve declared MK-1 a discovery but haven’t reported the net pay. In 25 years of investing in O&G stocks on the ASX, AIM and TSX, I’ve never come across this before"
There are so many questions and problems associated with IVZ now, as truly reflected in their share price, and one wonders what is the end game.
IVZ Share Price, page-19049
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Last
7.0¢ |
Change
-0.001(1.41%) |
Mkt cap ! $99.25M | |||
| Open | High | Low | Value | Volume |
| 7.1¢ | 7.1¢ | 6.8¢ | $143.3K | 2.054M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 105000 | 6.9¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 7.0¢ | 22184 | 1 |
View Market Depth
| Last trade - 16.10pm 23/05/2024 (20 minute delay) ? |
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Last
6.9¢ |
Change
-0.001 ( 2.82 %) |
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| Open | High | Low | Volume | ||
| 7.0¢ | 7.0¢ | 6.8¢ | 1575798 | ||
| Last updated 15.59pm 23/05/2024 ? | |||||
| IVZ (ASX) Chart |