IVZ 1.45% 7.0¢ invictus energy ltd

Ann: Mukuyu-2 Drilling Update, page-478

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    Interesting to read the background to your estimates. I started by applying a figure quoted by Scott, which was 25m is equiv to 4.1 Tscf then we agreed to adjust the estimates downward to allow for compaction. I must stress that my estimates were very approximate.

    My best case assumed 15% NTG * 70% sand NTG * 900m (or 1200m), which gives 94.5m net pay in 900m. The 225m gross pay would have to be multiplied by 42% to match 94.5m net pay.

    We should soon find out the real NTG from the M-2 data. All the best.
    Last edited by Grfe4: 22/10/23
 
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