IVZ - General Discussion, page-1181

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pilko3

6,878 Posts.

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07/01/24

19:46

Post #: 71765235
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Originally posted by Kotlass: ↑

OP mentioned good flow not just flow.

The goal of the flow test is not to check if it flows BUT if it can flow commercially - that we don't know yet. If not commercial, market will not respond. It doesn't mean project is dead but that further work may be required to achieve desired results.

Also to think because management is proceeding to flow test well means they are confident of the results. That is ignorance and can't be further from the truth. Companies explore and find dusters. They flow test well and find non-commercial flow rates but where there's economic justification, stimulation technics may be utilised to improve flow. 88E and EXR will likely flow test before IVZ. Market reaction on successful results (not just abysmal flow rates whatever that represents) may be a good pointer. PANR has had a pretty impressive campaign so far but they also had their own issues. Isn’t it folly to speak in absolute certainties before results? Yet most IVZ posters do even before campaign starts. With all the unrealistic expectations and "positivity" see where the SP is. Let everyone just calm down and keep fingers crossed for a good result. Nothing is assured. Results from and subsequent market reaction to current MAY Alameda-3 and Martin # campaign is one that I'm keenly following too. What will the flow rates be from the overpressured targets in comparison to Alameda 2.

I acknowledge they are prospecting for different hydrocarbon types but I believe market reaction will be similar on successful flow test results.

P.S It's immaterial what SM says about a flow result when test is yet to be conducted. Market will reward the company if the results are good.

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How many wells dug and lined flow test commercially first go on average? That may give some idea. It seems to me that SM doesn't mind giving his opinion on stuff as a matter of course. Not liable? Then say the magic words and the punters will follow. Live to play another day. Clank clunk...there goes that can after a good kicking again...down the road apiece.

IVZ Price at posting: 12.0¢ Sentiment: Buy Disclosure: Held
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