IVZ
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1.56% 6.5¢ invictus energy ltd

I am saying they had a 2P of 1.1 on 100% basis.  They have...

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  1. Davy Boy
    6,903 Posts.
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    06/11/18
    20:50
    Post #: 36409435
    I am saying they had a 2P of 1.1 on 100% basis. 

    https://hotcopper.com.au/data/attachments/1347/1347925-4c57fca7d1817759c7d1e681ac517bb6.jpg

    They have farmed down from 100% in both blocks to be free carried, one to 12.5% and the other to 20%. So before farming down they had p2 of 1106 boe. Its a glimpse of what farm outs look like. 

    12.5% completely free carried including, 3 exploration wells, appraisal, development and infrastructure is a pretty fine deal IMO, and a more than fair comparison as MAY have done the deals and are in the throws of getting drill ready and IVZ have just announced a prospective resource estimate.

    I do not hold MAY and have never held MAY, it was for comparison purposes only. No more from me. Aimo DB  

    https://hotcopper.com.au/data/attachments/1347/1347921-50224c227bef0918c345967bb33c8adc.jpg

    IVZ Price at posting: 4.9¢ Sentiment: None Disclosure: Not Held
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