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6.0¢ invictus energy ltd

Ann: Total Depth reached & additional zones of strong gas shows, page-409

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petere

1,604 Posts.

655

31/10/23

21:31

Post #: 70652637
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Originally posted by Grfe4: ↑

He has not succeeded in correcting my estimates of pump-out durations. If 30 bbls/hr mud loss was ongoing, my calculations would have been vaid and food for thought. Kiwi tried to say my calcs were in error, but his reference to ROP regarding the amount of mud loss was invalid - basically nonesense. The mud loss calculation I made basically assumed 30 bbl/hr * 24 hrs/d * 24days of mud loss until this Friday = 17,300 bbls in total. No error in that. It's a shame none of you highlighted earlier that the reference to 30 bbl/hr mud loss was untrue or incorrectly reported, then none of this debate about the risk of pumping out too much mud filtrate would have been necessary.

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Losses would not have been continuous. They would have added LCM material, solved losses and drilled on. That is the error you are making in your calculations. That is standard practice. Drilling on with continuous losses is risky as a high chance of differential sticking.

IVZ Price at posting: 23.5¢ Sentiment: Buy Disclosure: Held
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Last 6.0¢		Change -0.003(4.76%)		Mkt cap ! $90.98M

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No.	Vol.	Price($)
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Price($)	Vol.	No.
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