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7.4¢ invictus energy ltd

Ann: Quarterly Report & Cashflow, page-67

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Davy Boy

16,571 Posts.

3963

02/05/23

13:26

Post #: 67564364
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Originally posted by Kiwigeo8339: ↑

"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.

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It’s what Carnarvon did.

IVZ Price at posting: 12.0¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 7.4¢		Change -0.001(1.33%)		Mkt cap ! $112.2M

Open	High	Low	Value	Volume
7.4¢	7.6¢	7.2¢	$62.75K	846.7K

Buyers (Bids)

No.	Vol.	Price($)
2	119539	7.4¢

Sellers (Offers)

Price($)	Vol.	No.
7.5¢	50000	1

View Market Depth

No.	Vol.	Price($)
2	119539	0.074
1	100000	0.073
1	13888	0.072
3	89050	0.071
4	383942	0.070

Price($)	Vol.	No.
0.075	50000	1
0.077	110600	2
0.078	115267	1
0.080	94368	4
0.081	14336	1

Last trade - 16.10pm 03/10/2024 (20 minute delay)

IVZ (ASX) Chart