IVZ

1.61%

6.3¢ invictus energy ltd

Yes, I know you are invested in PCL who are in Namibia but only...

First 177 Last

Share
Profile

Follow
Mr.Hustler

5,709 Posts.

1109

19/05/24

23:16

Post #: 73903710
Share

Originally posted by huaneng ↑

LOL
- overpressured does not tell you if tight gas reservoir or not tight gas reservoir
- a big number for a gas resource does not tell you if tight gas or not tight reservoir. (For example: in the northern part of Europe you find many billions m3 of gas , often very tight gas reservoirs and only classified as resources in the carboniferous)
- if you test a tight gas reservoir, you will see a flowing well, enough gas for a burning flare. SM is telling us the truth. Even from reservoirs, classified as ultratight you can get a flare during testing.

Yes we did not get many Infos about the quality of the discovered reservoirs from Mr. SM. But there are some hints that they drilled some meters of tight gas reservoir sections (you can go thru the old press releases and re-read the textparts with the hints about poor reservoir quality). - Or perhaps easier if you do not have egghead knowledge about geophysics, petrophysics, logging, drilling, testing, reservoir engineering etc.: we can compare Namibia with Zimbabwe. After Corona in Zimbabwe , 2 wells were drilled, in Namibia since Corona 17 wells were drilled mostly by major oil companies, 15 wells were declared as successfull. Shell, Total, Galp organized within few weeks, months well tests to test their exploration wells after drilling (although it is much more sophisticated, expensive to organize a well test in Africa Offshore deep water than Africa Onshore. ) Still SM shys away to do the test of Mukuyu 2. Why?
Or why is Baker Hughs buiding a mud plant in Namibia now and not in Zimbabwe. Why is Halliburton building facilities in Namibia now and not in Zimbabwe. One answer could be: the oilfield service companies do not expect to earn big $ in Zimbabwe. Or, Why do you meet so many managers of major oil companies at the airport in Namibia and not in Zimbabwe? Since Corona Namibia cracked the code for their world class, big turbidite oil fields offshore and has a good chance to produce millions of Boe per day in the futur. Since Corona, Zimbabwe drilled 2 well and we are waiting for a simple standard, not so expensive Onshore well test.
So, what could tell us the comparison Namibia versus Zimbabwe about the difference of the quality from reservoirs discovered in Namibia versus discovered in Zimbabwe?

Expand

Yes, I know you are invested in PCL who are in Namibia but only hold 20% of a licence that has potential but not drilled and no discovery. They are also partnered with Woodside who will undoubtedly do similar as they did to FAR and grab most of PCL'S holding via cash calls and the best they will be left with is a 1% holding as per their signed contract, so not sure why you keep banging on about Namibia unless you're invested in Shell or Total?

IVZ Price at posting: 7.0¢ Sentiment: Buy Disclosure: Held
11 Upvote

0 Great analysis

Reply

Top Stories

CMX

ChemX Materials kicks off first stage works at WA high purity alumina pilot

RCE

Recce's R327 found effective against E.coli during clinical trial

LU7

Lithium Universe (ASX:LU7) board visits Quebec to engage key stakeholders

LRV

Larvotto identifies new exploration target at NSW's Hillgrove, boosting shares by nearly 20%

Week 26 Wrap: Cerberus of inflation barks – rents, electricity & fuel – and world watches two elders bicker

SVL

Silver Mines models five new calderas close to 396Moz Bowdens deposit

Wealth Within weighs in on shock 4% inflation read – and stocks that could survive the gloom

AVA

Ava Risk Group expands US presence with A$0.7M Substation Deal

Microcap Wrap: 5 explorers with news out today

SS1

Sun Silver gets that drill to thrill feeling from high grade hits at Maverick Spring

There are more pages in this discussion • 100 more messages in this thread...

First 177 Last

Add IVZ (ASX) to my watchlist

(20min delay)
Last 6.3¢		Change 0.001(1.61%)		Mkt cap ! $89.32M

Open	High	Low	Value	Volume
6.2¢	6.4¢	6.0¢	$308.9K	5.008M

Buyers (Bids)

No.	Vol.	Price($)
1	160000	6.2¢

Sellers (Offers)

Price($)	Vol.	No.
6.3¢	147648	2

View Market Depth

No.	Vol.	Price($)
1	160000	0.062
4	741332	0.060
3	900000	0.059
4	399842	0.058
2	25500	0.057

Price($)	Vol.	No.
0.063	147648	2
0.064	839531	4
0.065	693000	5
0.066	965000	3
0.067	956665	4

Last trade - 16.10pm 28/06/2024 (20 minute delay)

IVZ (ASX) Chart

Yes, I know you are invested in PCL who are in Namibia but only...

ChemX Materials kicks off first stage works at WA high purity alumina pilot

Recce's R327 found effective against E.coli during clinical trial

Lithium Universe (ASX:LU7) board visits Quebec to engage key stakeholders

Larvotto identifies new exploration target at NSW's Hillgrove, boosting shares by nearly 20%

Week 26 Wrap: Cerberus of inflation barks – rents, electricity & fuel – and world watches two elders bicker

Silver Mines models five new calderas close to 396Moz Bowdens deposit

Wealth Within weighs in on shock 4% inflation read – and stocks that could survive the gloom

Ava Risk Group expands US presence with A$0.7M Substation Deal

Microcap Wrap: 5 explorers with news out today

Sun Silver gets that drill to thrill feeling from high grade hits at Maverick Spring

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News

Yes, I know you are invested in PCL who are in Namibia but only...

Top Stories

ChemX Materials kicks off first stage works at WA high purity alumina pilot

Recce's R327 found effective against E.coli during clinical trial

Lithium Universe (ASX:LU7) board visits Quebec to engage key stakeholders

Larvotto identifies new exploration target at NSW's Hillgrove, boosting shares by nearly 20%

Week 26 Wrap: Cerberus of inflation barks – rents, electricity & fuel – and world watches two elders bicker

Silver Mines models five new calderas close to 396Moz Bowdens deposit

Wealth Within weighs in on shock 4% inflation read – and stocks that could survive the gloom

Ava Risk Group expands US presence with A$0.7M Substation Deal

Microcap Wrap: 5 explorers with news out today

Sun Silver gets that drill to thrill feeling from high grade hits at Maverick Spring

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News