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6.2¢ invictus energy ltd

Ann: Mukuyu 1 & Sidetrack Well Results, Rig Secured for 12 months, page-374

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witchdoc86

1,054 Posts.

166

03/01/23

22:04

Post #: 65517200
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Originally posted by ammie: ↑

I really am going to have to listen to the webinar again. At times, I was felt that the next well would be a long time off and at other times, it sounded like it won't be too long. I guess it may be due to the planning work needing to be done before they can actually say what is being done when. Also it sounded like not that many wells for 2023 but then we might have a lot. After a first pass, I'm more I'm more confused and less clarified and expected the opposite. On the plus side, it sounds like we're moving forward as if we have already made a discovery. I guess the reality is that we have made a discovery. While the asx don't recognise that on a technicality so we can't claim it, others in the industry will recognise it for what it really is.

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The rig itself is typically the longest lead item I think with 12 months wait.

We have the rig.

Drill pipe is a 9 month long lead item.

We have the drill pipe planned for Baobab ready presumably, though I'm not sure if it's suitable for well appraisal.

The key question is after ditching BH is how long do we have to wait for well services?

Last edited by witchdoc86: 03/01/23

IVZ Price at posting: 14.5¢ Sentiment: Hold Disclosure: Held
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