SkyRain,
The key objective of the well is to get a "discovery". This delay increases the risk that we don't get that:
1. Financial risk - the cost of the drill rig and other staff, which has been mitigated by the decision to drill ahead
2. Well hole integrity - the hole may degrade over time, drill mud may permeate into the porous rock, or they may strike water drilling ahead.
3. Drill rig - the drill rig may suffer equipment failure of some sort, or the drill may get stuck.
As shareholders, we need to get the IVZ announcement that meets ASX's conditions for a discovery.
SkyRain,The key objective of the well is to get a "discovery"....
-
- There are more pages in this discussion • 800 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add IVZ (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
8.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $115.2M | |||
| Open | High | Low | Value | Volume |
| 7.9¢ | 8.0¢ | 7.8¢ | $91.12K | 1.156M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 24906 | 7.8¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 8.0¢ | 1106693 | 11 |
View Market Depth
| Last trade - 16.10pm 28/08/2024 (20 minute delay) ? |
| IVZ (ASX) Chart |