JRI This Week, #9: Invictus Energy Fireside Chats Return to JRI
I catch up with Invictus Energy’s Scott Macmillan in a live webinar and provide an update on my TAG Oil article.
A little delayed this week – August has been a month of family camping trips for me but the sun is starting to set earlier and I find myself back at my desk.
On a day where o+g explorers are down big, I’ve a couple favourites from that sector for you I want to discuss this week, including a live interview I am conducting Wednesday night. So I am posting this o+g-themed update just in time for a sector sale!
Here’s what’s coming this week for me:
1. TAG Oil (TAO.V). Update on Article.
I know I have been teasing this one for a while now. I am waiting on confirmation of some details, and TAG is of course busy with their recent financing so it is on pause. I will release it as soon as I am able. In the meantime, there is serious value here if TAG’s imminent horizontal well is a success. Reduced risk, lots of upside, cashed up, and spud imminent. TAG remains a core holding in my explorer portfolio. Currently trading a decent chunk below the financing price.
Invictus Energy (IVZ.AX). Primer article & live interview. (Link & Times Below)
If you are a newer follower of mine, or don’t follow Aussie o+g explorers, you might not recognise this name, but Invictus is another one of my core holdings. A NG explorer in Zimbabwe (don’t panic) chasing absolute giants, Invictus is headed by its Zim national-turned-Aussie Scott Macmillan (and Scott is One Of The Good Ones in my mind). There’s oodles to talk about with this company if you aren’t familiar with them, and a glance at their chart the last couple years is going to leave you with a lot of questions.
But have no fear, as I will write up a primer article this week to get anyone new to the story up to speed. And if you are indeed new, you have good timing as you are tuning in at a very exciting time for the company. Their Mukuyu-1/ST-1 maiden drill about 9 months ago came up agonisingly short of being able to officially declare a discovery due to technical issues. Now, they are a month out from spudding a potentially company-defining well – their M-2 well – 6.8 km to the North of M-1/ST-1 targeting multiple tcf of NG, which could just be scratching the surface.
However, if you are already a follower of the company, the highlight here no doubt will be another instalment of the vaunted (yeah right) “Fireside Chat”™ series he and I have done together. It’s a live webinar, where Scott answers questions I’ve edited and collated from investors, along with Q and A time at the end from the audience. So tune in! Scott is always a good interview, and the project is wonderfully compelling. Read below on how to access:
Fireside Chat, The Details:
WHERE:
https://us06web.zoom.us/j/88678604890
WHEN:
In North America: Wednesday, August 16
7:00 PM PST/10:00 PM PST
In Australia: Thursday, August 17
10:00 AM AWST/Noon AEST
That’s it for now! As always thanks for reading and hopefully I see you there at the chat with Scott!
-JRI