IVZ 8.47% 5.4¢ invictus energy ltd

Ann: Mukuyu-2 fluid sampling progress update, page-1960

  1. 112 Posts.
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    "fail to get a sample not good"
    I totally agree, failure is costly. And this is not something restricted to wildcat drilling. I was invested in Sasol a few years ago, they had this massive project, built this ethane cracker in 'Lake Charles' in Louisiana. Billions of $ in cost overruns, constant delays obliterated the share price. Eventually when they completed the project, they sold off half the project for a fraction of what they spent building it, to alleviate financial stress caused be debt.

    It's just unfortunate that failure will be blamed on Invictus, even though they use the same service providers that the big oil companies use. Invictus is due for a win. Fingers crossed for a sample/s to surface next week, 18 bottles filled biggrin.png.
 
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