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6.4¢ invictus energy ltd

thanks!! That’s exactly what I was looking for!I was getting...

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MinerBrad

110 Posts.

58

22/10/23

15:45

Post #: 70472217
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Originally posted by butcherano: ↑

We need to know the net pay rather than the gross pay and also the type of hydrocarbons to get a more accurate idea.

But @VOGC was working on 170 BCF per metre of net pay column height for the recoverable gas resource (assuming the net pay is consistent across the full 200km2 closure at the Upper Angwa target).

To get liquids content, Invictus were originally working on a GCR (gas condensate ratio) of 44 mmbbls/mmscf. But from the mud gas data analysis this could actually be as high as 135 mmbbls/mmscf.

So even if the 225m of gross hydrocarbons was only 25% net pay this would be 56m net pay x 170 BCF per m column height = 9.5 TCF. Plus 44 mmbbls/mmscf = 418mmbbls of condensate (or over 1 bil barrels if it was as rich as the mud gas data indicated).

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thanks!! That’s exactly what I was looking for!

I was getting worried that the net pay already encountered has already been nearly priced in as a discovery but that’s way off.
Sure, there’s a long way to go in proving up the UA resource across the entire closure, but somehow the market isn’t coming close to pricing a resource that we’ve already encountered and likely consistent 6.8km apart.

IVZ Price at posting: 15.0¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 6.4¢		Change 0.004(6.67%)		Mkt cap ! $97.05M

Open	High	Low	Value	Volume
6.1¢	6.4¢	6.0¢	$80.95K	1.303M

Buyers (Bids)

No.	Vol.	Price($)
2	243840	6.4¢

Sellers (Offers)

Price($)	Vol.	No.
6.5¢	15000	1

View Market Depth

No.	Vol.	Price($)
2	243840	0.064
2	155688	0.063
1	200000	0.062
1	4000000	0.061
6	649118	0.060

Price($)	Vol.	No.
0.065	15000	1
0.066	15000	1
0.067	142609	2
0.068	117728	4
0.069	155000	1

Last trade - 15.37pm 13/11/2024 (20 minute delay)

IVZ (ASX) Chart