IVZ 0.00% 8.0¢ invictus energy ltd

Ann: Share Purchase Plan Prospectus, page-104

  1. 16,375 Posts.
    lightbulb Created with Sketch. 3858
    Was listening to the below again this morning.
    SM give a bit more detail about Pebbly A which I'm starting to think could be the surprise packet. He says there are a couple of big zones in there one at ~ 70m and 1 at~ 30m from memory. He also said that the mud losses were likely due to permeability.
    He also says that they are having a much much closer look.
    I think it will be interesting to see what they have to say about PA and could surprise to the upside.

    One thing that did puzzle me a bit from the re-watch is he says they have kept a lot of the small services on at rig site but are out to tender for the 3 big ones.
    Wireline, MWD and directional drilling.
    What confused me is why you would need directional drillers for a straight well? @Kiwigeo8339
    Of course it could be that they are intending to drill more than 1 well and the second requires directional drilling??

 
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