IVZ 1.49% 6.8¢ invictus energy ltd

Ann: Hydrocarbon gas recovered & evaluation program forward plan, page-506

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    should be some snippets of news leading into the next fluid sampling run in mid-Dec
    1. Total depth reached for sidetrack, with no doubt the usual "multiple potential hydrocarbon bearing zones encountered"
    2. Preparing to run wireline logging operations "with the intent of bringing a sample to surface"
    3. Then the most anticipated announcement in the history of oil and gas exploration ...
    • DISCOVERY
    • or hole deterioration, lining the hole to TD and a return to flow test in 2024 "with the intent to declare a discovery"

    • following discovery they'll line the hole to total depth
    • capital raise to fund flow testing
    • order long lead items for flow testing
    • drill through the lined sextion of the hole to a new TD in the lower Angwa with 6 inch bit
    • flow test
    ... share price finally reaches fair value
 
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