IVZ 2.86% 6.8¢ invictus energy ltd

Ann: Invictus Energy Quarterly Cashflow Report, page-46

  1. 16,194 Posts.
    lightbulb Created with Sketch. 3800
    We are reliant on the rig being finished somewhere else and that is always a worry IMO.
    But IF they don't start in May then they will have to finish drilling in the wet season and I don't think they will want that.
    Orca Energy, who have the contract with Exalo before us, have stated, on December 2, that Exalo had started the remedial work on Songo Songo and in that update said work would be completed end of Q1.
    I don't expect any delays as Songo is well understood from a drilling perspective.
    The great advantage is we will have crews who have been drilling for months.
    https://orcaenergygroup.com/2021/12/02/operations-update-guidance-for-2022/
    https://hotcopper.com.au/data/attachments/4068/4068279-7830c70e66350c91ce93a9b61a756510.jpg

 
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