IVZ
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1.61% 6.3¢ invictus energy ltd

Ann: Trading Halt, page-234

  1. charlesn
    3,853 Posts.
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    21/12/23
    11:46
    Post #: 71566876

    They will have lined the lower pressured reservoirs above the planned 6" hole already, so will crank up mud weight to match the overpressured zone without associated breakdown and mud loss in above zones.
    As well, if it all goes wrong they just drill to TD, perforate and flow ... wireline not the main game, and a deteriorating Lower Angwa 6" hole wont stop a successful flow

    https://hotcopper.com.au/data/attachments/5836/5836772-37510aee5afc318541fbadfa6a330520.jpg

    IVZ Price at posting: 15.5¢ Sentiment: Buy Disclosure: Held
    Likes Created with Sketch. 7  Upvote
    lightbulb Created with Sketch.  Great analysis
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