IVZ 1.49% 6.8¢ invictus energy ltd

Ann: Preliminary Wireline results shows Multiple Potential Zones, page-210

  1. 77 Posts.
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    They have been drilling this section for a while now, and given they have had very little by way of drilling problems to date (had to cure some losses, and a few minor sticky sections) I would imagine the risk of losing the well is low. As for drilling mud invading the borehole, that is inevitable and actually designed into the mud-chemistry so a filter cake is built up on the borehole wall (ie it's a non-issue). If they drill into water (dont forget - this is exploration after all), it will not change anything about how they acquire data in the hydrocarbon bearing zones above.

    SM is unable to announce a discovery, so everything is still referred to as potential.

    DYOR etc but I am not selling a single share.
 
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