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6.2¢ invictus energy ltd

KG it would be fair to suggest that IF they keep drilling they...

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Davy Boy

16,161 Posts.

3784

25/10/23

09:04

Post #: 70520035
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Originally posted by Kiwigeo8339: ↑

1) Good shows and elevated LWD resisitivity readings in Upper Angwa.
2) Ditto in Lower Angwa. Lower Angwa appears to have multiple reservoirs.
3) A 7" liner has been mobilized for future flow test. This implies they plan to TD the well in 8-1/2" hole rather than 6" hole. It also implies IVZ are confident that wireline logs will confirm moveable hydrocarbons in primary targets.
4) A trip was pulled at 3296m to failure of LWD tool pulser. On most LWD strings the pulser is usually located in MWD tool and is part of the system that transmits log and directional data to surface in real time. Pulsers are a moving part and subject to a fair bit of wear and tear. Often cr*p can get lodged in the pulser which prevents it from operating. One of the most common reasons for pulling an MWD/LWD string to surface for servicing.
5) Plan appears to be to drill on past prognosed TD of 3750m and then conduct wireline operations. Add 2-3 days to previous timing estimates for MDT samples to surface.

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KG it would be fair to suggest that IF they keep drilling they would have to be still seeing HC's or is it more likely about data?

IVZ Price at posting: 15.5¢ Sentiment: Hold Disclosure: Held
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