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6.8¢ invictus energy ltd

Yep believe they will have a QA person this time around.There...

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adamjt89

46 Posts.

162

07/06/23

15:45

Post #: 68177480
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Originally posted by Kiwigeo8339: ↑

"QA checks non-existent, equipment damage during transport etc. Scott mentioned one of the tools had been in a box since 2015 and hadn’t been tested or checked before arriving onsite. "

Surely a case for hiring a third party QA/QC person for next well(s).

Equipment damage during transport....technically that's usually beyond the control of the service company. Again another reason to use a QA/QC person.

"First time around then went in significantly overbalanced which led to a number of issues. This time around they will tweak the mud design to suit the appropriate conditions, although I don’t believe they will utilise synthetic based mud (SBM)."

He's saying mud weight was the reason for differential sticking AND the mechanical hole deterioration? I hope he's right. I would like to hear details of what they think the mechanism behind the hole deterioration is.

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Yep believe they will have a QA person this time around.

There were x3 fellow share holders with a geo back ground at the AGM who could probably better explain the hole deterioration, sorry mate.

But Scott wasn't too concerned about it, which I was happy with.

IVZ Price at posting: 12.5¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 6.8¢		Change 0.000(0.00%)		Mkt cap ! $96.41M

Open	High	Low	Value	Volume
6.9¢	7.0¢	6.7¢	$110.9K	1.634M

Buyers (Bids)

No.	Vol.	Price($)
3	50725	6.7¢

Sellers (Offers)

Price($)	Vol.	No.
6.8¢	68393	1

View Market Depth

No.	Vol.	Price($)
3	50725	0.067
8	258024	0.066
3	783384	0.065
3	129202	0.064
5	960900	0.063

Price($)	Vol.	No.
0.068	68393	1
0.069	82736	2
0.070	74981	1
0.071	99434	1
0.072	180000	2

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