IVZ 4.05% 7.7¢ invictus energy ltd

Ann: Fluid sample analysis confirms rich gas-condensate discovery, page-83

ANNOUNCEMENT SPONSORED BY PLUS500
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM
CFD Service. Your Capital is at risk
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
  1. 43 Posts.
    lightbulb Created with Sketch. 19
    I also asked ChatGPT to convert this CGR to barrels of condensate using the 1.3TCF size of resource quoted by Wood McKenzie.

    "We can calculate an estimate based on the condensate gas ratio (CGR) range provided.
    The CGR gives the number of barrels of condensate per million cubic feet of gas, so we can use that to estimate the total barrels of condensate for a 1.3 trillion cubic feet (TCF) gas resource.

    First, let's convert the amount of gas from trillion cubic feet to million cubic feet so that we can use the CGR directly:
    1 TCF = 1,000,000 million cubic feet (Mcf)
    1.3 TCF = 1,300,000 Mcf

    Now, let's calculate the condensate volume using both ends of the CGR range (14 barrels/Mcf and 22 barrels/Mcf):
    Lower estimate of condensate (using 14 barrels/Mcf):1,300,000 Mcf * 14 barrels/Mcf = 18,200,000 barrels of condensate
    Higher estimate of condensate (using 22 barrels/Mcf):1,300,000 Mcf * 22 barrels/Mcf = 28,600,000 barrels of condensate

    Therefore, for a 1.3 TCF gas resource, the estimated range of condensate that could be generated is between approximately 18.2 million barrels and 28.6 million barrels."
 
watchlist Created with Sketch. Add IVZ (ASX) to my watchlist
(20min delay)
Last
7.7¢
Change
0.003(4.05%)
Mkt cap ! $116.7M
Open High Low Value Volume
7.6¢ 7.7¢ 7.5¢ $36.27K 480.4K

Buyers (Bids)

No. Vol. Price($)
2 113950 7.5¢
 

Sellers (Offers)

Price($) Vol. No.
7.7¢ 123586 3
View Market Depth
Last trade - 16.10pm 04/10/2024 (20 minute delay) ?
IVZ (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.