If they have lost a large amount of water based drilling fluid into the fractures it will compromise the electric logs and make detecting a Gas / Water in particular hard to interpret .
I am not sure what they mean by gas and liquid hydrocarbons to surface .
Was it just a some small amount of gas in the mud and an oil sheen on the surface or did they swab in a bubbly .
If they had taken a kick then they would have reported it .
Comparing 88e wells with this well that has fracture and vuggy permeability and porosity is like comparing Chalk and Cheese .
I have not followed anything about IVZ but it probably is not comparable either .
I don't know why we are even talking so much about IVZ .
However it does have one thing in common with ADX in that the word Discovery has attracted a lot of speculators that know very little about drilling and think that Ramping or Down Ramping can alter the share price in their favour .
If they have lost a large amount of water based drilling fluid...
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Last
11.0¢ |
Change
0.010(10.0%) |
Mkt cap ! $48.26M | |||
| Open | High | Low | Value | Volume |
| 10.5¢ | 11.0¢ | 10.5¢ | $146.4K | 1.352M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 392828 | 10.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 11.0¢ | 306793 | 3 |
View Market Depth
| Last trade - 16.10pm 03/05/2024 (20 minute delay) ? |
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Last
10.5¢ |
Change
0.010 ( 0.00 %) |
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| Open | High | Low | Volume | ||
| 11.0¢ | 11.0¢ | 10.5¢ | 1357826 | ||
| Last updated 15.18pm 03/05/2024 ? | |||||
| ADX (ASX) Chart |