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8.8¢ invictus energy ltd

Rig is onsite and warm stacked is my understanding.Services are...

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Davy Boy

16,293 Posts.

3833

30/07/24

07:45

Post #: 74972627
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Originally posted by Brentb: ↑

As much as I would love to see us drilling in the east section before Christmas the reality is that they have yet to determine exactly where to drill and more importantly the Farm-In driller would have to be signed up by now and have the Rig on it's way to site from wherever it is coming from.
You then have all the prep and long lead items to arrive onsite along with the other supporting companies to gear up etc.
Getting MK2 to production status and the flow test completed by Christmas will still be a major task IMO.
Just trying to keep everything in perspective and knowing that with O&G exploration, nothing moves quickly!

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Rig is onsite and warm stacked is my understanding.
Services are probably the issue.
I think it would be absolute folly to mobilise the rig plus services for flow test onlly.
To me, given the East or Shelf wells are shallow, I think it makes the most sense and we have drilled right up to Christmas the last 2 years.
Even if they started in November there would be plenty of time.

IVZ Price at posting: 8.8¢ Sentiment: Buy Disclosure: Held
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