IVZ 1.54% 6.4¢ invictus energy ltd

Completely agree here. Having done some research previously I...

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    Completely agree here.


    Having done some research previously I came across the Zimbabwean ministry of mines mineral potential from January this year

    http://www.mines.gov.zw/sites/default/files/Downloads/Zimbabwe Mineral Pontential Booklet.pdf

    BBE659A5-2748-4183-B0EF-5341313546D2.jpeg
    7F50F0FF-6653-4E4D-AC83-09B6100AF9E1.jpeg


    And then came across the estimate for natural gas

    C426439F-E51A-4974-8737-9C4E35FC4C95.jpeg


    8TCF is what they have put in an official document, however after seeing today’s 3.9TCF from one target I believe we could be looking at much more than 8TCF


    Anything 1TCF plus should put an NPV of around $500 million id assume so we should be well and truly into the billions here


    Also the fact that we have 80% ownership of such a large target gives us great leverage to get a farm in partner to pay for the wells and keep a large percentage of ownership


    Also factor in the cash burn for this company has been minimal to date, and going forward looks to be as well. Great work from the team!
 
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