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5.06%

8.3¢ invictus energy ltd

Ann: Additional gas discovery in Lower Angwa Mukuyu-2, page-584

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Mr.Hustler

5,725 Posts.

1117

15/12/23

19:39

Post #: 71479330
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Originally posted by Flambeau ↑

I think it is because it was below expectation, it was a slither of net pay in multiple zones (very hard to extract from one well, you need multiple wells for multiple zones), flow testing is now harder (its harder to flow test from slithers of net pay) and the basin may need many many wells making it possibly uneconomical, add to that the fact they will likely need to get a farm in before they see any capital loan funding, this farm in might take a large amount of percent ownership, and all the while, it is in the middle of nowhere, and just gas, no oil (a developing country would probably rather have oil than gas), and there are sovereign risks in a country such as this.

The scales are tipping, and unless the flow tests provide good results (which I highly doubt, especially considering they have so many problems with their well design e.g side tracks, tools stuck etc), than the share price might not appreciate.

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You're just making stuff up. Should be ashamed of yourself. How about posting some references on your statements backing them. I bet we don't get anything.

IVZ Price at posting: 16.0¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 8.3¢		Change 0.004(5.06%)		Mkt cap ! $119.5M

Open	High	Low	Value	Volume
7.9¢	8.4¢	7.8¢	$218.6K	2.736M

Buyers (Bids)

No.	Vol.	Price($)
1	29989	8.3¢

Sellers (Offers)

Price($)	Vol.	No.
8.4¢	19280	1

View Market Depth

No.	Vol.	Price($)
1	29989	0.083
2	190444	0.079
6	233798	0.078
2	112467	0.077
1	263157	0.076

Price($)	Vol.	No.
0.084	19280	1
0.085	329625	1
0.087	200000	1
0.088	49588	1
0.089	49330	1

Last trade - 16.10pm 21/08/2024 (20 minute delay)

IVZ (ASX) Chart