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7.1¢ invictus energy ltd

What are the chances there's no gas?

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Ricklepickle

178 Posts.

20

02/10/20

15:17

Post #: 47813360
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Originally posted by Davy Boy: ↑

Its normally done before drilling just in case there is no gas or oil. Gives the company some breathing space if things don't go as planned.
This is pure wildcat drilling.
It may well be the case they drill a hole and discover their seismic is all arske about face....lots of things can go pear shaped....the well cost won't be open ended either IMO, so if there are budget blow outs, IVZ will need to have cash to cover that.

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What are the chances there's no gas?

IVZ Price at posting: 6.8¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 7.1¢		Change 0.000(0.00%)		Mkt cap ! $100.6M

Open	High	Low	Value	Volume
7.2¢	7.2¢	7.0¢	$207.8K	2.937M

Buyers (Bids)

No.	Vol.	Price($)
17	584577	7.0¢

Sellers (Offers)

Price($)	Vol.	No.
7.1¢	142593	3

View Market Depth

No.	Vol.	Price($)
17	584577	0.070
4	81000	0.068
3	358237	0.067
6	187601	0.066
4	133083	0.065

Price($)	Vol.	No.
0.071	142593	3
0.072	220000	3
0.073	149298	1
0.075	50000	1
0.076	380000	1

Last trade - 16.10pm 01/05/2024 (20 minute delay)


Last 7.0¢			Change 0.000 ( 1.41 %)
Open	High		Low	Volume
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