IVZ 1.52% 6.5¢ invictus energy ltd

PAC value at $0.77 per share, page-47

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    Looking at it from an unusual global point of view that of a sometime economic geographer, it seems evident that this all taken together is a largish field from the African point of view. To be world-scale big you need 150 trillion c.f. and in the North Urals for example there are a dozen of those. It will likely be competing for the biggest in East/Southern Africa, when fully explored, competing with Angola and Namibia. An advantage it has though in terms of cost is that it is onshore. No huge oil platforms etc, but by the same token vulnerable to the various possibilities of armed conflict too, which plague the region. This punter has little doubt that this field could run into the multi trillion c.f category. The big pay is below 3,500 ft, and with the huge pressures it looks like a load there, but very tough equipment will need to be sourced. Most cannot take any more than 5,000 PSI without being crushed.
 
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