IVZ 1.15% 8.8¢ invictus energy ltd

Ann: Response to ASX Price Query, page-122

  1. 1,096 Posts.
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    Also just to add to the above

    If you refer to page 4 of the response to the ASX price query

    It shows that drilling hasn't reached the first target yet (remember there are 7 stacked targets in this first drill)

    On the 5th of October they stated they reached approx 593m depth.

    If you refer to page 4 of the response to the ASX price query, the graph shows they've gotten close to the first target (around 800m depth)

    But lets say hypothetically there was a leak and they're covering it up - then the first target (850m depth / 1.9TCF) didnt hit gas
    But there's still another 6 targets they have yet to reach, being:

    1200m depth / 4.5TCF.
    1800m depth / 4.5TCF.
    2300m depth / 2.5TCF.
    2700m depth / 4.1TCF.
    3500m depth / 2.6TCF

 
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