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3.08%

6.3¢ invictus energy ltd

Ann: Mukuyu 1 & Sidetrack Well Results, Rig Secured for 12 months, page-214

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Kiwigeo8339

3,706 Posts.

2852

03/01/23

13:47

Post #: 65509600
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Originally posted by hightrax: ↑

Ah, my sixth sense was trying to tell me something like this would happen. Well, its Africa. It's a new field and the ground conditions are being discovered. IVZ has been hot hot hot with the daytrader group, and lets hope they have not lost too much today but taking a medium term view
1. The gas (and oil) IS there.
2. Main target seam for gas is a motza thick at 900m plus.
3. High pressure.
Do wise men hop in when most of the market is in dread? A highly leveraged entry is the oppies now about 4c, but they haven't got more than about 6 months to run. Patience, patience.

One question, though what does 15% porosity mean. Is that good or does the formation need to be fracked to get the pay out? Going to do a little research.

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"One question, though what does 15% porosity mean. Is that good or does the formation need to be fracked to get the pay out?"

15% is reasonable and not fracking territory. Porosity cut off for net pay on the log interp is usually around 8%.

IVZ Price at posting: 14.5¢ Sentiment: Hold Disclosure: Not Held
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(20min delay)
Last 6.3¢		Change -0.002(3.08%)		Mkt cap ! $95.53M

Open	High	Low	Value	Volume
6.5¢	6.5¢	6.3¢	$53.57K	849.1K

Buyers (Bids)

No.	Vol.	Price($)
2	489560	6.3¢

Sellers (Offers)

Price($)	Vol.	No.
6.4¢	22000	1

View Market Depth

No.	Vol.	Price($)
2	489560	0.063
4	495616	0.062
4	708099	0.061
5	615000	0.060
4	288991	0.059

Price($)	Vol.	No.
0.064	22000	1
0.065	11700	1
0.067	39888	1
0.068	102728	3
0.069	305000	2

Last trade - 15.35pm 11/11/2024 (20 minute delay)

IVZ (ASX) Chart

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