Up 2,150% - Will IVZ Repeat this Run?

Email Sent On: 11-03-2021 11:36 a.m.

1 minute read

Our 2020 Energy Pick of the Year Invictus Energy (ASX:IVZ) plans to drill the largest undrilled onshore gas prospect in Zimbabwe Africa this year.

We think IVZ can repeat the 2,150% gains made in 12 months by nearby peer ReconAfrica, which is currently drilling in Namibia.

Recon is a few months ahead of IVZ and is capped at $500M... IVZ is currently capped at just $40M and we think it is technically better (we’ll show why in a comparison table below).

Full details of why we invested in IVZ in September 2020 are in our article IVZ: Our Top Energy Pick of 2020.

Compared to ReconAfrica, which has grown to a $500M market cap in recent months, you can see IVZ is earlier in its journey below.

IVZ is very close to a large potential value uplift, given drilling is around the corner:

For any technical oil and gas boffins out there, here is a side by side comparison showing why IVZ is better technically:

The good news for IVZ is that the more success ReconAfrica has, the better chance IVZ has of finding an offtake partner before it drills.

Alternatively, a takeover could become apparent before it drills at all.

The next IVZ catalysts to watch out for ahead of drilling are:

Conclusion of the non-binding farm-in offer IVZ received late last year - any week now...
Seismic acquisition to begin - likely April.

For all our commentary and research in our investment in IVZ, check out our IVZ company page:

Invictus Energy
ASX:IVZ

CLICK HERE TO VIEW OUR CURRENT PORTFOLIO

S3 Consortium Pty Ltd (CAR No.433913) is a corporate authorised representative of LeMessurier Securities Pty Ltd (AFSL No. 296877). The information contained in this article is general information only. Any advice is general advice only. Neither your personal objectives, financial situation nor needs have been taken into consideration. Accordingly you should consider how appropriate the advice (if any) is to those objectives, financial situation and needs, before acting on the advice.

Conflict of Interest Notice

S3 Consortium Pty Ltd does and seeks to do business with companies featured in its articles. As a result, investors should be aware that the Firm may have a conflict of interest that could affect the objectivity of this article. Investors should consider this article as only a single factor in making any investment decision. The publishers of this article also wish to disclose that they may hold this stock in their portfolios and that any decision to purchase this stock should be done so after the purchaser has made their own inquires as to the validity of any information in this article.

Publishers Notice

The information contained in this article is current at the finalised date. The information contained in this article is based on sources reasonably considered to be reliable by S3 Consortium Pty Ltd, and available in the public domain.