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7.0¢ invictus energy ltd

Ann: Hydrocarbon gas recovered & evaluation program forward plan, page-650

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Gharp

4,155 Posts.

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21/11/23

09:06

Post #: 71010513
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Originally posted by Bilbo_Swaggins: ↑

I'm just disappointed that they didn't put a higher priority in getting samples in the first place given the importance of brining one to surface. They have been to concerned with going deeper and deeper into lower angwa and now it has cost us. It's always reactive not pro activ, same with MK1. I understand that we a drilling a new basin but we get told that they gathered so much data and learnt so much from MK1 and now we have the exact same issues. Differential sticking, mud weight issues, tools getting stuck on ledges, all the same issues we've seen before. Now the they are on the verge of killing the company if they don't find a sample now it's all straight well, simple side track, sampling comes first. Why weren't we focused on this in the first place, I don't get it. I am also convinced we will see a CR before we complete the sidetrack. I've been so bullish on IVZ for the past 3 years but this is the final straw.

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I'm still amazed they aren't stopping the drill halfway then logging then may take a couple of days longer but should have a better chance of retrieving a sample. Only thing I can think of is the best moveable samples are at around the 3000m mark and anything before that may not be crash hot.

IVZ Price at posting: 14.5¢ Sentiment: Buy Disclosure: Held
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Last 7.0¢		Change 0.002(2.94%)		Mkt cap ! $99.25M

Open	High	Low	Value	Volume
6.9¢	7.0¢	6.7¢	$101.9K	1.487M

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No.	Vol.	Price($)
1	100000	6.9¢

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Price($)	Vol.	No.
7.0¢	354854	3

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No.	Vol.	Price($)
1	100000	0.069
5	240973	0.068
5	887635	0.067
7	248441	0.066
6	286432	0.065

Price($)	Vol.	No.
0.070	354854	3
0.071	5417	1
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0.074	200000	2
0.075	737400	5

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