Australia's largest stock trading and investment forum Australia's #1 stock forum

IVZ

Click for more information

1.14%

8.7¢ invictus energy ltd

Ann: Additional Elevated Gas Shows in Primary Target, page-486

First 486 Last

Share
Profile

Follow
mwatts

3,449 Posts.

789

25/11/22

14:54

Post #: 64991491
Share

Originally posted by Kiwigeo8339: ↑

Tool insurance??? That's a first for me. An operator will usually have general insurance set up to cover all non planned diversions from the plan that end up costing them significant amounts of money. Ive never worked for an operator who has taken out specific insurance to cover loss of logging tools.

If you're thinking of going into business offering tool insurance then you'd better first check the stats and be aware of how many wireline and LWD/MWD tools get lost or damaged every year. While drilling phase I wells on Bayu Undan we managed to bury just about all the available Geopilot rotary steerable tools in Australia. We lost at least 4 of the things...possibly more.

SM mentioned one of the LWD resistivity tools coming out of hole with worn hard banding. If the electrodes on the tool had been damaged IVZ probably would have ended up with a bill for repair of same.

Expand

It did seem a bit odd to me also, was taken from the Reddit article within this thread.

Still it seems like a good concept to make money! offer insurance before use of the tool and as soon as it is down hole you can void the policy.

IVZ Price at posting: 29.5¢ Sentiment: Hold Disclosure: Held
3 Upvote

0 Great analysis

Reply

Top Stories

KSN

Mineral Hill transition kicks off for Kingston, gold and silver ramp up to follow

MTL

Mantle Minerals' Nick Poll talks to HotCopper on finding gold grades up to 3.57g/t at Mt Berghaus

Super PITch gold sponsor RSM Australia: Can Diggers & Dealers 2024 be key to reinvigorating IPO activity?

NWH

NRW Holdings voted Wealth Within's hot stock tip

AIR

Air New Zealand ditches 2030 emissions targets – right as ASIC's Scope 3 reporting changes kick in for FY25

There are more pages in this discussion • 243 more messages in this thread...

First 486 Last

Add IVZ (ASX) to my watchlist

(20min delay)
Last 8.7¢		Change -0.001(1.14%)		Mkt cap ! $123.3M

Open	High	Low	Value	Volume
8.9¢	8.9¢	8.4¢	$496.7K	5.718M

Buyers (Bids)

No.	Vol.	Price($)
2	10998	8.7¢

Sellers (Offers)

Price($)	Vol.	No.
8.9¢	400000	1

View Market Depth

No.	Vol.	Price($)
2	10998	0.087
1	100000	0.086
1	14457	0.085
8	364119	0.084
4	383830	0.083

Price($)	Vol.	No.
0.089	400000	1
0.090	250000	1
0.091	315000	2
0.092	325000	2
0.093	360000	5

Last trade - 16.10pm 30/07/2024 (20 minute delay)

IVZ (ASX) Chart

SPONSORED BY