IVZ 3.70% 7.8¢ invictus energy ltd

Ann: Hydrocarbon gas recovered & evaluation program forward plan, page-1276

  1. 7,223 Posts.
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    Sorry db, if that's directed at me? yes drill lower angwa, drill it twice! But secure your primary objective of getting a sample from the upper angwa first!? Sp now 40c, on success , and still have option and funds to press on if it fails. Then drill it!

    Keeping going from a project point of view is now jeopardising all the open hole section exposed to mud weight above it,all the way back up to the casing shoe knowingly and expectedly apparently this then did for the pebbly arkose when they hit the higher pressure section in the unknown lower angwa. Causing cable a diff issues since the 30th October in the higher exposed pebbly arkose.
    So now , albeit via sidetrack and the sp in the toilet and the oppies not in the money and no money to continue after the sidetrack and in an all or nothing style and very little in way of sp appreciation even in the event of success basis cos blind Freddy can see a cap raise coming before this sidetrack ends.... Now they are going to do what they already had the chance to do. That is drill upper angwa and STOP and wireline and sample....its the primary objective in the program after all.
    Sure kg will correct me, but mostly I've tried to use his own explanations.
    Cheers tc
 
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