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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8.1¢ |
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Mkt cap ! $116.6M |
Open | High | Low | Value | Volume |
8.3¢ | 8.4¢ | 7.9¢ | $127.3K | 1.571M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 1197 | 8.1¢ |
Sellers (Offers)
Price($) | Vol. | No. |
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8.2¢ | 56621 | 4 |
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No. | Vol. | Price($) |
---|---|---|
1 | 1197 | 0.081 |
2 | 32793 | 0.080 |
2 | 63188 | 0.079 |
4 | 190000 | 0.078 |
3 | 219870 | 0.077 |
Price($) | Vol. | No. |
---|---|---|
0.082 | 56621 | 4 |
0.083 | 202757 | 2 |
0.084 | 584384 | 5 |
0.085 | 717682 | 5 |
0.086 | 292216 | 3 |
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