IVZ 1.56% 6.5¢ invictus energy ltd

Mobile - nearly 100% chance of gas, page-4

  1. 5,127 Posts.
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    Looks very high probability from all accounts. I can't really fault the opportunity aside from it being in Africa, although this would have been drilled long ago if it was anywhere else so being in Zimbabwe is the only reason we get a chance to part own this.

    I've run this past a few mates working for oil and gas companies, they couldn't really fault the initial data. Porosity of 18% is very good, and if permeability can be confirmed as between 100-1000mD (also very high) as previously quoted in data, this will be a serious conventional (no fracking) play. Not that I think there are 'greens' in Zimbabwe but not needing to frack helps alleviate environmental concerns aside from being much more economical from a fiscal perspective.

    My concern is this just sounds a little too good to be true. No such thing as a sure thing but a $15m EV for something showing this potential is just silly. I can't work out why this hasn't been bought up significantly yet.

 
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