They recon the previous data suggests this is a TCF+ target.
1TCF equates to roughly 170m BOE. If the data is interpreted to show 1TCF gas minimum, this is still great buying.
If the data comes out with a larger number (several TCF), depending on C1, C2 & C3, an attractive farm-in and a huge SP run will be a formality.
We wait on the data reconstruction. Check IPB resource estimates for comparison and their recent run based on some farm-in excitement and a discovery somewhat nearby.
IVZ Price at posting:
5.6¢ Sentiment: Buy Disclosure: Held
