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6.3¢ invictus energy ltd

Ann: Strong Gas Shows in Multiple Upper & Lower Angwa Reservoirs, page-123

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luciano

636 Posts.

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25/10/23

10:08

Post #: 70522380
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Originally posted by Grfe4: ↑

Alright, but I thought the intention was to explore as deep as possible, take sidewall samples and run logs to establish if diagenesis has taken place.

i guess if the 6" equipment isn't in the plan right now, they could always extend the well to 4200m or 4500m at a later date ?

But wasn't there last minute mobilisation of slim hole LWD, MWD etc.?

If they don't establish how deep the gas is in the Lower Angwa, a major oil company could step in and purchase a potentially significant amount of gas very cheaply because it is not yet contingent resources or recoverable reserves.

Expand

Also for 3D would be nice to have data from these shallower zone below Angwa, rather than spending another A$ 25 millions to do it later.

IVZ Price at posting: 18.5¢ Sentiment: Hold Disclosure: Held
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