IVZ 1.72% 5.9¢ invictus energy ltd

Ann: Mukuyu-1 Drilling Update, page-54

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    "Nothing to suggest they won't announce at other logical points but unless there is a kick we won't have results until 30-35 days"

    As long as we do not see any big problems I would estimate that the next drilling section could be cased, cemented within 1 week. Because it is the first well in a for drillers unknown basin they won`t do any short cuts or maximize the rate of penetration (ROP), so perhaps 2 weeks plus perhaps some extra days for extra measurements, logs but not more than 3 weeks I would estimate. Standard drilling operation onshore: 7-10 days max for such a drilling section.

    Last chance for the pre drill carpetbaggers to leave before we have our personal binary IVZ experience as "boomsday" with gas or doomsday without gas.

    I would not expect additional news about infos and data related to seismic because this well will be used to measure parameters to calibrate the seismic for a more reliable seismic interpretation.
 
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