IVZ 0.00% 3.6¢ invictus energy ltd

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  1. 7,782 Posts.
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    A question if I may. I'm kinda keen on IVZ but I have one issue.
    Why no 3D?
    Why are IVZ expecting a decent farm in deal without 3D?
    My concern is any partner will want a very big% or will want to do 3D after the farm in which can take some time.
    The main issue I see is, given this is wildcat drilling, why would they not use the best available technology rather than rely on 2D?
    I would have thought IVZ would have been better doing 3D itself, I know it costs, and use that to keep a larger working interest as the risk is lessened with higher degree of certainty allowing then to keep a bigger % of WI.
    Just my take comments welcome. DB
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