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6.4¢ invictus energy ltd

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Akki

27,439 Posts.

137

21/08/18

09:54

Post #: 35054840
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Originally posted by Hallmark ↑

My pennies worth. I’m not setting a sell price target more a date. Derisk into the drill. And keep some back for the drill.

Seen some odd figures banded about here for prospective resource

The target structure has over 4.5tcf gas in place according to Mobil figures. His will likely grow under the new research. The structure is not closed off!

Also there is a similar adjacent structure adjacent which is going to be at least 1.5tcf so there is 6tcf of gas the market has missed.

Then there are other structures and leads. The 2d seismic is 1600km. First time the whole lot has been processed fully.

In my opinion and experiences you’ll be looking at figures north of 7tcf gas.

Research cove energy. They had a gas discovery close to ivz a few years back. 1tcf net. They are valued in London similar to ivz. They were sold a few months later for over £1bn.

We’re in elephant country

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Cove Energy had A LOT more than 1tcf when they were acquired over multiple projects - Mozambique by far the largest offshore and that was upgraded from 5tcf to 50tcf or something crazy just before it was acquired. Pretty sure that's moving to production next year.

IVZ Price at posting: 5.1¢ Sentiment: None Disclosure: Held
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Last 6.4¢		Change -0.001(1.54%)		Mkt cap ! $107.6M

Open	High	Low	Value	Volume
6.5¢	6.5¢	6.3¢	$27.60K	429.4K

Buyers (Bids)

No.	Vol.	Price($)
6	789420	6.3¢

Sellers (Offers)

Price($)	Vol.	No.
6.4¢	5024	1

View Market Depth

No.	Vol.	Price($)
2	336596	0.069
4	214705	0.068
2	218700	0.067
2	44576	0.066
1	150000	0.065

Price($)	Vol.	No.
0.070	105714	2
0.071	764037	7
0.072	1100138	10
0.073	1036012	6
0.074	1002617	6

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