IVZ 2.94% 7.0¢ invictus energy ltd

"Plan is to drill from current depth of ST - but - how deep are...

  1. 3,706 Posts.
    lightbulb Created with Sketch. 2852
    "Plan is to drill from current depth of ST - but - how deep are we going into the LA ??
    I would love to see the drill go down to maximum depth to try find any/all reserviours."

    Maximum depth would depend on a few factors - amount of drill pipe, maximum safe length of 6" open hole, whether or not 6" hole is going to be lined or testes barefoot etc.


    "Will there be attempts at samples/logging - or is it just drill as deep as possible and hope for it to flow like a MOFO ?"

    Initially I thought they werent going to attempt an MDT run but now I believe pressures and samples are in the plan.

    "What are the associated geological risks of drilling to 5000 M (assuming this to be max drill capacity)"

    Main risk is having a large section of hole open for any period of time. Especially important if they plan to test barefoot rather than first running a liner in the 6" hole.

    Running standard sized wireline tools in 6" hole carries risks due to reduced clearance around tools. Esp case with MDT. Ive never had great luck running MDTs in slim hole.

    Understand that perforating the current 35M of payzones will be occurring after the “free flow” of the deepened uncared section. - how would the market interpret low flow from the lined section with a high flow from the deeper LA ?"

    I dont think market would be too impressed.

    "Is there a significant chance to repeat the overpressure scenario between different deeper reservoirs in the LA that would create the same issues that caused us to sidetrack MK2 ?"

    Risk of issues is reduced by drilling section in 6" hole with rest of hole cased off.....you have a wider window between formation pressure and fracture pressure.

 
watchlist Created with Sketch. Add IVZ (ASX) to my watchlist
(20min delay)
Last
7.0¢
Change
0.002(2.94%)
Mkt cap ! $99.25M
Open High Low Value Volume
6.9¢ 7.0¢ 6.8¢ $104.1K 1.514M

Buyers (Bids)

No. Vol. Price($)
4 191400 6.8¢
 

Sellers (Offers)

Price($) Vol. No.
7.0¢ 426161 6
View Market Depth
Last trade - 16.10pm 10/05/2024 (20 minute delay) ?
Last
6.9¢
  Change
0.002 ( 1.47 %)
Open High Low Volume
6.8¢ 7.0¢ 6.8¢ 458792
Last updated 15.46pm 10/05/2024 ?
IVZ (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.