"With a good perspective on history, we can have a better understanding of the past and present, and thus a clear vision of the future." — Carlos Slim Helu
Not wrong taking a profit should have done the same when MAY was over 20c >> still I have a feeling they will be much higher before the years out .. don't know much about IVZ
"With a good perspective on history, we can have a better understanding of the past and present, and thus a clear vision of the future." — Carlos Slim Helu
Invictus Energy Limited is an Australia-based oil and gas exploration company. The Company is focused on energy resources in sub-Saharan Africa. It is engaged in the development of the Cabora Bassa Project in Zimbabwe that encompasses the Mzarabani Prospect, a multi-TCF conventional gas-condensate target which is undrilled seismically defined structure onshore Africa. The Company is focused on hydrocarbon.
Mobil ran seismic years ago.They were targeting oil,and thought it would be just gas,so did nothing.
IVZ used Mobil seismic,and recently did their own seismic.
Will be drilling two wells,starting late Jue/early July.
I came across IVZ in a NEXT Investors newsletter.They are paid to do write ups.So as I had a bit of spare cash at the time I decided to take a holding.
Bouncing some numbers off TEGs recent anns....using the LOW prospective Gas resource in L7 permit @ mcf $8USD
340BCF = 340mill mcf
= $2.72Bill USD
Now we just need TEG to secure 100% of L7(in the works) ... farm-down with a major O&G player and get a exploration rig on site asap>>>
in the meantime looking forward TEG present Market value will be around 50% of Cash+ ASX investment ... so thats ZERO value for half of the Cash+gas shares , zero value for L7 permit ,zero value for 78% interest in CH platform+onshore plant (cost 300mill+) https://triangleenergy.com.au/wp-con...Conference.pdf
Pretty insane >> from my calcs TEG will receive around 9mill AUD profit(early JUNE) + after all production costs of Cliff head + lifting shipping etc
have purchased more(should have waited another day!!!) now holding 5mill TEG 6.5mill TEGO
I'm holding the faith the new mgmt team can re-float this sinking ship before the years out >>hoping this is the bottom
I've had my fair share of muti baggers last couple of years ...and TEG has the potential to be a HUGE turnaround story ...
Last edited by JBmurc; 05-05-2022 at 09:20 AM.
"With a good perspective on history, we can have a better understanding of the past and present, and thus a clear vision of the future." — Carlos Slim Helu
"With a good perspective on history, we can have a better understanding of the past and present, and thus a clear vision of the future." — Carlos Slim Helu
ASX: MAY Zapato 1 Update 1600m on the way to 2650m
Yes they have hit some hard formation rock on the way to the hopefully Oil bearing trap ... slowing down the drilling ..but at some point they should break through into porous HC saturated formation ...
"With a good perspective on history, we can have a better understanding of the past and present, and thus a clear vision of the future." — Carlos Slim Helu
Yes they have hit some hard formation rock on the way to the hopefully Oil bearing trap ... slowing down the drilling ..but at some point they should break through into porous HC saturated formation ...
Some Large elephants might be needed if Large Elephant country is encountered soon
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Originally Posted by percy
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