IVZ 2.90% 7.1¢ invictus energy ltd

Thanks heaps for making a call. I'm keen to understand when...

  1. 472 Posts.
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    Thanks heaps for making a call. I'm keen to understand when Scott realistically thinks we'll start to see some serious interest in a farm-in partner that values us with a reasonable $ per WI% and allows us to be properly funded to drill the basin out without these well-by-well capital raises. Looking at lots of the analogous fields they've discussed in company presentations, it appears that there were a number of discovery wells + good flow test results + 3D seismic at least started prior to the farm-outs - and it appears to me we're probably up to 12 months away from being in that position. I know he'll probably deflect this question a bit, because maybe he can't say much, but at the moment investors see a company that is going to be constantly raising capital to fund each and every bit of what they are doing. Which just means more dilution - and is going to stop the share price from appreciating. Assuming the entitlement offer happens, we'll probably have $30 million AUD which is going to get us a flow test, some 3D seismic and maybe partially funded for another well (depending on what and where they drill).
 
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Last
7.1¢
Change
0.002(2.90%)
Mkt cap ! $100.6M
Open High Low Value Volume
6.9¢ 7.1¢ 6.9¢ $48.24K 690.5K

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No. Vol. Price($)
1 13000 7.0¢
 

Sellers (Offers)

Price($) Vol. No.
7.2¢ 218454 5
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Last trade - 15.58pm 21/05/2024 (20 minute delay) ?
Last
7.1¢
  Change
0.002 ( 3.20 %)
Open High Low Volume
6.9¢ 7.1¢ 6.9¢ 930429
Last updated 15.58pm 21/05/2024 ?
IVZ (ASX) Chart
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