Estimated reserves: 8.2Tcf + 247 million barrels of conventional gas-condensate1 (~1.6 billion boe) independently verified. That is huge and is easily one of the largest on shore reserves anyone has seen for a while. The fact there is live oil on the surface is a good historical indicator there is something huge underneath (Source Rock & Seal present in the basin – live oil recorded from 3 Mkanga formation surface samples).
Current market cap of IVZ: ~ 90 million AUD. or 16c a share
Why is the SP so low? If they discover even a 1/10th of that number they will still hit a market cap 10 times of present. I don't care if they have to raise 30 million or 50 million on their own to drill or make this thing happen, that is a ridiculous upside. I wouldn't be surprised if IVZ was valued at $2 after seismic and pre drill. Why the hell is reconafrica so ahead of IVZ even when doing things backwards?
Any thoughts?
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Last
6.5¢ |
Change
-0.004(5.80%) |
Mkt cap ! $92.16M |
Open | High | Low | Value | Volume |
6.9¢ | 6.9¢ | 6.3¢ | $224.0K | 3.422M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 95613 | 6.3¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
6.5¢ | 5326 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 95613 | 0.063 |
3 | 375000 | 0.062 |
5 | 108786 | 0.061 |
11 | 1615055 | 0.060 |
4 | 850000 | 0.059 |
Price($) | Vol. | No. |
---|---|---|
0.065 | 5326 | 1 |
0.067 | 100000 | 1 |
0.068 | 494634 | 1 |
0.069 | 734009 | 2 |
0.070 | 482500 | 3 |
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