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6.9¢ invictus energy ltd

IVZ Share Price, page-6688

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onthepunt

5,208 Posts.

2489

29/09/22

11:10

Post #: 63939298
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Originally posted by StnningBlckbrry ↑

Alot of people here and elsewhere are talking about how the SP will sink if we don't hit on the first target.

But the most likely scenario is we get results from the first 3 horizons at the same time.

In the latest JRI video (from 51mins in) Scott says that if they take a kick on the first horizon and need to use the diverter to flow gas to surface, then they will announce it. But this will only occur if they got the mudweight wrong.

He said they will almost certainly not make ann's on shows (which would be hard to see anyway with the mudweight).

And he said that logging while drilling data is very coarse, so they won't make ann's based on that data.

So once they hit the top of the Pebbly Arkose, they will perform a wireline evaluation, and only then will make an ann, which it sounds like will be 3-5 days.

So without delays, it sounds like first results should be about 30-35 days from spud.

And the first results will be for the top 3 horizons, therefore we won't get results for the first horizon alone.

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Well said and hence why there is no urgency in buying. Yet.....

IVZ Price at posting: 18.0¢ Sentiment: Hold Disclosure: Held
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(20min delay)
Last 6.9¢		Change 0.000(0.00%)		Mkt cap ! $104.6M

Open	High	Low	Value	Volume
6.9¢	6.9¢	6.5¢	$111.2K	1.643M

Buyers (Bids)

No.	Vol.	Price($)
1	14652	6.8¢

Sellers (Offers)

Price($)	Vol.	No.
6.9¢	589438	5

View Market Depth

No.	Vol.	Price($)
1	147829	0.067
2	142423	0.066
11	720014	0.065
4	685625	0.064
2	174618	0.063

Price($)	Vol.	No.
0.069	589438	5
0.070	1034604	9
0.071	1064037	10
0.072	920138	8
0.073	1036012	6

Last trade - 16.10pm 12/09/2024 (20 minute delay)

IVZ (ASX) Chart