IVZ 10.7% 6.2¢ invictus energy ltd

Hi All,For those interested, just Posting my review for this...

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    Hi All,

    For those interested, just Posting my review for this release. Points in Slide 2 relate to Points in Slides 3 to 6. Slides 8 to 12 are referenced to in Slide 2. Slide 13 included for completeness.

    IMO Key Points from the release are:
    1. Point 1 - The Mukuyu-1/ST1 well can now be classified as a discovery - IMO bringing in the resources within the Southern Fault Block into at least better than the Prospective category.
    2. Points 2 & 3 - Strongly believe that Mukuyu-2's Upper Angwa net pay of 13.9m will be upgraded and currently in very conservative.
    3. Point 4 - See no reason why reservoirs identified in the original Mukuyu-2 well bore, below 3,400mMD will not be included in the Lower Angwa's preliminary net reservoir evaluation.
    4. Point 6 - Sand packages in the Upper Angwa at Mukuyu-1/ST1 are thicker that at Mukuyu-2.
    5. Point 8 - In the Mukuyu-2 well bore the Lower Angwa sand packages were thicker & of better quality than those in the Upper Angwa

    Slide 1 shows my revised areas for the Upper Angwa fault block sections as I define them. For the Upper and Lower Angwa really need a better handle on the net pay numbers for meaningful resource estimates from my area & vertical richness method (Posted 12/11/23). However, as an examples of just how large the recoverable volumes could be - for the Lower Angwa over 200sqkm and 50m of net pay thickness recoverable resources would be 8,529 Bcf & 704 MMBC (at 82.5 bc/mmcf).

    As with everybody else very much looking forward to the Lower Angwa numbers in the near future.

    GLTAH
    Cheers
    VOGC

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