My pennies worth. I’m not setting a sell price target more a date. Derisk into the drill. And keep some back for the drill.
Seen some odd figures banded about here for prospective resource
The target structure has over 4.5tcf gas in place according to Mobil figures. His will likely grow under the new research. The structure is not closed off!
Also there is a similar adjacent structure adjacent which is going to be at least 1.5tcf so there is 6tcf of gas the market has missed.
Then there are other structures and leads. The 2d seismic is 1600km. First time the whole lot has been processed fully.
In my opinion and experiences you’ll be looking at figures north of 7tcf gas.
Research cove energy. They had a gas discovery close to ivz a few years back. 1tcf net. They are valued in London similar to ivz. They were sold a few months later for over £1bn.
We’re in elephant country
IVZ Price at posting:
5.1¢ Sentiment: Buy Disclosure: Held
