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7.5¢ invictus energy ltd

Ann: Total Depth reached & additional zones of strong gas shows, page-786

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luciano

636 Posts.

77

04/11/23

05:34

Post #: 70723739
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Originally posted by Kiwigeo8339: ↑

"If they do get a sample to surface and get a positive reading, will they have to do further tests down the track to know if it's commercially viable ?"

The MDT sample proves there is permeability and presence of hydrocarbons. Commercial viability needs additional information from a flow test. With a flow test you're essentially simulating what would happen if you put the well on production.

"Or is it because of MK1 and no MK2 , being 7 km part, that they will know they have " a string of pearls" "

M1 and 2 are central fairway plays. The string of pearls plays are tucked against the large fault that bounds the southern margin of the basin.

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If I am correct also a 3D seismic could have more relevance on reserves if we get a oil sample.

IVZ Price at posting: 22.5¢ Sentiment: Hold Disclosure: Held
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(20min delay)
Last 7.5¢		Change 0.001(1.35%)		Mkt cap ! $113.7M

Open	High	Low	Value	Volume
7.6¢	7.6¢	7.5¢	$8.319K	110.3K

Buyers (Bids)

No.	Vol.	Price($)
1	108506	7.5¢

Sellers (Offers)

Price($)	Vol.	No.
7.6¢	30000	1

View Market Depth

No.	Vol.	Price($)
1	108506	0.075
1	119339	0.074
2	120000	0.073
2	77488	0.072
4	119050	0.071

Price($)	Vol.	No.
0.076	30000	1
0.077	116600	3
0.078	115267	1
0.080	94368	4
0.081	100102	2

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