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1.43%

6.9¢ invictus energy ltd

This is not CSG - there is no dewatering. Check Perth basin...

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ReadOnly99

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20/11/23

14:33

Post #: 70999166
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Originally posted by BasVermeulen: ↑

Been following IVZ from a distance. IVZ is still early days, there are still a lot of hoops to jump through.
Once the samples are analysed they'll use the information to put together the most efficient flow program, then long lead items still need to be ordered. Then a period of dewatering, etc. Give or take another 12 months from here until they have a clear idea whether or not it flows at commercial rates.

A discovery announcement wouldn't have moved the needle that much - it's a step in the right direction, but discovered gas means nothing if you can't get it out of the ground at commercial levels. Let's say everything went great, and they announced a discovery today, the SP would have slumped in the gap between today and when flow testing can begin.

I'll wait to buy in until two weeks from flow testing.

Hang tight. It's new frontier exploration. Challenges pop up all the time, that's the nature of the beast.

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This is not CSG - there is no dewatering. Check Perth basin companies for any examples of dewatering times.

IVZ Price at posting: 15.0¢ Sentiment: Buy Disclosure: Held
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Last 6.9¢		Change -0.001(1.43%)		Mkt cap ! $97.83M

Open	High	Low	Value	Volume
6.9¢	7.0¢	6.8¢	$131.6K	1.909M

Buyers (Bids)

No.	Vol.	Price($)
5	586277	6.9¢

Sellers (Offers)

Price($)	Vol.	No.
7.0¢	68257	4

View Market Depth

No.	Vol.	Price($)
5	586277	0.069
4	60028	0.068
8	636915	0.067
9	377752	0.066
7	321940	0.065

Price($)	Vol.	No.
0.070	68257	4
0.071	306757	1
0.072	128454	3
0.076	380000	1
0.077	150000	1

Last trade - 12.29pm 06/05/2024 (20 minute delay)


Last 7.0¢			Change -0.001 ( 2.49 %)
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