IVZ 1.61% 6.3¢ invictus energy ltd

Hi All,For those interested, just posting my review of today's...

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    Hi All,

    For those interested, just posting my review of today's ASX release in Slide 1 - Slide 2 covers points to be emphasized.

    IMO Key points (relate to numbers in Slide 1):

    1. "evidence of moveable hydrocarbons" - first time that a comment has been categorically made of evidence that hydrocarbons are moveable

    2. "Due to differential sticking of the wireline cable to the borehole wall" - evidence of some degree of reservoir permeability existing

    3. "observed during initial clean-up" - taking a very risk averse position to gain samples - excellent Risk Management - differential sticking issues likely to get worse with depth

    4. Risk Management - further indication of just how critical it is to IVZ to obtain samples & declare a discovery at this point of the exploration of the Mukuyu structure and broader acreage - at top of Slide 2 I have re-posted a comment SM during the FSC 17/8/23 regarding the importance of obtaining a fluid sample.

    5. "C6+ OIL OR CONDENSATE - Gas and condensate/oil observed" - Potential for oil legs / columns - very high value add for Project - at the bottom of Slide 2 a comment from SM during the PAC call (Posted by Nergel on 26/10/23) that his expectations are that the hydrocarbons are "very liquids rich".

    Many thanks to @Kiwigeo8339, @petere, @7seven7, @maltshovel as well as others, for their excellent comments on todays release.

    GLTAH
    Cheers
    VOGC

    https://hotcopper.com.au/data/attachments/5722/5722960-6a93571fe84ce2570932834f5b35f080.jpg


    https://hotcopper.com.au/data/attachments/5722/5722967-d4cb056235734488af53e0659685a93f.jpg





 
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