IVZ 3.70% 7.8¢ invictus energy ltd

Ann: Hydrocarbon gas recovered & evaluation program forward plan, page-556

  1. 1,834 Posts.
    lightbulb Created with Sketch. 2786
    Hi @7seven7,

    very helpful and completely agreeing with everything what you are saying...

    The Lower Angwa was pure exploration and now we have a much better understanding: over-pressured multiple lower Angwa reservoirs with strong elevated gas readings and high likelihood for light oil or high condensate/gas ratio... => absolutely great and the potential for an additional major discovery...

    And it's now clear that we can't drill the Upper and the Lower Angwa within one common well section. Future well design will address this (perhaps two intermediate well sections and the second covers PA & UA) but it won't be a problem with future wells.

    I only think they should have stop drilling immediately when they encountered the over-pressured formation. To increase mud weight and drill deeper and hence, putting the upper parts of the open hole of this well section at risk was probably a mistake...

    Actually I'm convinced the CoS increased and I'm looking forward to early December and the upcoming results...

    Last edited by gimo211: 20/11/23
 
watchlist Created with Sketch. Add IVZ (ASX) to my watchlist
(20min delay)
Last
7.8¢
Change
-0.003(3.70%)
Mkt cap ! $112.3M
Open High Low Value Volume
8.0¢ 8.0¢ 7.8¢ $83.25K 1.053M

Buyers (Bids)

No. Vol. Price($)
2 106550 7.8¢
 

Sellers (Offers)

Price($) Vol. No.
8.0¢ 132215 2
View Market Depth
Last trade - 16.10pm 14/08/2024 (20 minute delay) ?
IVZ (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.