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Ann: Invictus Energy Shareholder Briefing, page-122

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ammie

10,720 Posts.

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06/04/21

21:04

Post #: 52283215
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Originally posted by Alfonz: ↑

Seismic is mostly a linear process ... acquisition > processing > interp. There will be some data that can be used for QC as the acquisition proceeds, but it would be useless for proper interpretation. Processing can take a very long time (I don't work with 2D and have lost touch with the time frames), but there should be preliminary stacks delivered that could kick start the interpretation before the processing is finished completely. Each processing step needs to be QC'ed by the client regularly, so interpretation aside, they will be able to see what the data is looking like as the processing progresses.

Acquisition to drilling takes about 2.5-3 years for 3D. You can slash the times significantly for 2D, but don't be disappointed if it takes longer than you were hoping. I think they will have their work cut out trying to get drilling underway this year.

Edit: this was in response to some question on the processing which I managed to not quote properly.

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Thanks! Appreciate the response.

IVZ Price at posting: 15.5¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 7.0¢		Change 0.000(0.00%)		Mkt cap ! $99.25M

Open	High	Low	Value	Volume
7.0¢	7.1¢	6.8¢	$86.23K	1.241M

Buyers (Bids)

No.	Vol.	Price($)
2	15858	6.9¢

Sellers (Offers)

Price($)	Vol.	No.
7.0¢	170074	4

View Market Depth

No.	Vol.	Price($)
2	15858	0.069
3	237500	0.068
3	884000	0.067
8	524307	0.066
9	423508	0.065

Price($)	Vol.	No.
0.070	170074	4
0.071	154999	1
0.072	218454	5
0.073	150000	1
0.074	203000	3

Last trade - 16.10pm 15/05/2024 (20 minute delay)


Last 7.0¢			Change 0.000 ( 0.00 %)
Open	High		Low	Volume
7.1¢	7.1¢		6.8¢	597168
Last updated 15.59pm 15/05/2024 ?

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