IVZ 0.00% 6.8¢ invictus energy ltd

Potential for Mukuyu-1's Results to be Above Market Expectations, page-116

  1. 10,189 Posts.
    lightbulb Created with Sketch. 1986
    MAY just announced a resource at WA of 2BCF gas system. IVZ 20000 times larger on resource size. Tells you how big IVZ is and for a 130 million market cap with 36 million cash still going through all time highs of 40 cents and towards a 2-3 billion dollar market cap.

    Scott from recent interview “chance of success at upper Angwa is 100 percent” says it all on a discovery delayed
  2. 636 Posts.
    lightbulb Created with Sketch. 77
    The risk of losing a well due to hole stability issues or losing a tool such as the MDT due to differential sticking have not disappeared. Drilling a vertical well at M2 will help, but I am not sure if they have decided to use synthetic oil based mud for the Upper and Lower Angwa to reduce hole stability issues? In addition, based on very few pretest pressures from well M1-ST, how confident are they regarding the accuracy of the multi-zone formation pressures, and hence mud overbalance at M2?========================

    If I remember right mud overbalance issues occurred mainly in the upper part of MK-1.
    And especially for the side track drill, issues where mainly due to missing log tools on site, timing and well deterioration...
 
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