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1.56% 6.5¢ invictus energy ltd

Mobile - nearly 100% chance of gas, page-9

  1. HAC30
    5,127 Posts.
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    05/11/18
    23:47
    Post #: 36398504
    Following on from this, Calub discovery in Ethiopia was discovered in 70's but only just starting to produce now. Ranging from 2.7-4.7 TCF across these fields, conventional play with approx 12% porosity (lower than IVZ data suggest for Cabora Bassa). Serious project attracting capex of $4bn+. Looks like a reasonable comparison or a guide for what we want to see as things progress. Some light reading below:


    https://sites.google.com/site/linkstogeologyofethiopia/Mineral/calub-hilala-fields


    IVZ Price at posting: 5.3¢ Sentiment: Buy Disclosure: Held
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