IVZ 2.56% 7.6¢ invictus energy ltd

Ann: Quarterly Report & Cashflow, page-66

  1. 3,706 Posts.
    lightbulb Created with Sketch. 2852
    "if they hit something they really like whilst drilling, they will probably go into a trading halt and get a sampling tool in there and HOPFULLY a sample to surface."

    It would be unusual to stop drilling and then go straight in with a formation test tool. If this is the plan then you'd have been better running an LWD formation tester with your LWD.

    Running a wireline formation test tool without a first run with GR/Res etc presents problems with depth control for the formation tester. Without a wireline GR log in front of you all you have is an LWD log which is drillers depth not wireline depth. The depth difference can be metres....enough to be a problem when aiming to test a thin sand or getting an accurate gradient.

    They'd be better off opening up a considerable section of the Lower Angwa and then running a super combo run followed by the formation test tool. Unfortunately formation test tools aren't combinable with other tools so they need to be run as separate runs.
 
watchlist Created with Sketch. Add IVZ (ASX) to my watchlist
(20min delay)
Last
7.6¢
Change
-0.002(2.56%)
Mkt cap ! $107.7M
Open High Low Value Volume
7.8¢ 8.0¢ 7.6¢ $94.30K 1.212M

Buyers (Bids)

No. Vol. Price($)
4 159858 7.6¢
 

Sellers (Offers)

Price($) Vol. No.
7.8¢ 44897 1
View Market Depth
Last trade - 16.10pm 24/07/2024 (20 minute delay) ?
IVZ (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.