Australia's largest stock trading and investment forum Australia's #1 stock forum

IVZ

Click for more information

1.14%

8.7¢ invictus energy ltd

Scott said himself we were lucky to get the results that we did...

First 223 Last

Share
Profile

Follow
khaijor

397 Posts.

59

17/08/23

12:57

Post #: 69394587
Share

Originally posted by Kiwigeo8339: ↑

"Won't be coming back to Mukuyu-1 and won't be doing deviated wells anymore, described the deviation at mk-1 as "spicy""

The well trajectory was a simple build and hold affair. On the directional drilling scale of difficulty that's about 2 out of 10. Around 70% of the wells Ive worked over the years were deviated as M-1 was in order to hit laterally offset multiple stacked targets.

The trajectory had very little to do with the issues encountered on Mukuyu-1 and the sidetrack.

Differential sticking is caused when hydrostatic pressure exerted by the mud column is significantly higher than formation pressure.

The exact cause of the time dependent hole deterioration appears to be unknown at this stage although I've heard suggestions from SM that mud properties may be a factor. If the hole deterioration is stress related then its possible that hole trajectory could become a factor...but at this stage this doesn't seem to be the mechanism producing the hole instability. Ive fielded a question on this for today's fireside chat with SM.

Expand

Scott said himself we were lucky to get the results that we did with the deviated nature of the well so take from that what you will

IVZ Price at posting: 16.8¢ Sentiment: Buy Disclosure: Held
3 Upvote

0 Great analysis

Reply

Top Stories

MTL

Mantle Minerals' Nick Poll talks to HotCopper on finding gold grades up to 3.57g/t at Mt Berghaus

AIZ

Air New Zealand ditches 2030 emissions targets – right as ASIC's Scope 3 reporting changes kick in for FY25

Super PITch gold sponsor RSM Australia: Can Diggers & Dealers 2024 be key to reinvigorating IPO activity?

KSN

Mineral Hill transition kicks off for Kingston, gold and silver ramp up to follow

NWH

NRW Holdings voted Wealth Within's hot stock tip

There are more pages in this discussion • 305 more messages in this thread...

First 223 Last

Add IVZ (ASX) to my watchlist

(20min delay)
Last 8.7¢		Change -0.001(1.14%)		Mkt cap ! $123.3M

Open	High	Low	Value	Volume
8.9¢	8.9¢	8.4¢	$496.7K	5.718M

Buyers (Bids)

No.	Vol.	Price($)
2	10998	8.7¢

Sellers (Offers)

Price($)	Vol.	No.
8.9¢	400000	1

View Market Depth

No.	Vol.	Price($)
2	10998	0.087
1	100000	0.086
1	14457	0.085
8	364119	0.084
4	383830	0.083

Price($)	Vol.	No.
0.089	400000	1
0.090	250000	1
0.091	315000	2
0.092	325000	2
0.093	360000	5

Last trade - 16.10pm 30/07/2024 (20 minute delay)

IVZ (ASX) Chart

SPONSORED BY