IVZ

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6.5¢ invictus energy ltd

Ann: Mukuyu Gas Discovery, page-486

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07/12/23

17:44

Post #: 71332890
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Originally posted by 7seven7: ↑

Amazing news to finally have the formal discovery out of the way. I was expecting a run up to $500M+ market cap but I guess the lowish net number threw some people off and a lot of profit taking from stale holders and traders. Probably also some hesitancy around future funding or a CR. Not sure why you would sell in to this news... The best is very clearly still to come...

Even if the Upper Angwa isn't a sweet spot here, Scott has now inferred during today's investor call that the Lower Angwa is the goods in this horst block. Massive sands instead of a fluvial setting with much better porosity and permeability than the Upper Angwa here so I'd expect to see a much higher net to be declared in the Lower Angwa... I think when they eventually drill the LA section to the overpressured zones prior to the well test then we'll be looking at 50 to 100m+ net sand. Then to top it off there is overpressure too. Can't really go wrong with the flow test here, it will be substantial rates and volumes.

i hope they plan some kind of early commercialisation pilot with this well - the LA may be all we need to produce here for significant gas volumes. And the well test will tell us if the Upper Angwa sands here thicken more away from the well location.

Well done all, I can't wait for a catch-up with Scott in a couple of weeks time. He will be absolutely glowing.

Expand

100m net sands would be phenomenal

Here’s to hoping the LA will deliver the goods. Assuming we have to wait another 3/4 months for lab results.

i can imagine they would fast track the assessment to support their planning on the flow test

IVZ Price at posting: 20.5¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 6.5¢		Change 0.001(1.56%)		Mkt cap ! $98.56M

Open	High	Low	Value	Volume
6.4¢	6.7¢	6.4¢	$113.8K	1.748M

Buyers (Bids)

No.	Vol.	Price($)
1	34000	6.5¢

Sellers (Offers)

Price($)	Vol.	No.
6.6¢	120276	2

View Market Depth

No.	Vol.	Price($)
4	122585	0.064
3	216429	0.063
4	574487	0.062
5	808099	0.061
4	535000	0.060

Price($)	Vol.	No.
0.066	95000	1
0.067	39888	1
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0.069	316700	3
0.070	230000	1

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Ann: Mukuyu Gas Discovery, page-486

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Ann: Mukuyu Gas Discovery, page-486

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