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6.8¢ invictus energy ltd

Indeed Grfe4with MK-2 been on a Horst position and up-dip...

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luciano

636 Posts.

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04/09/23

05:46

Post #: 69712397
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Originally posted by Grfe4: ↑

No, I have not said that Scott has deliberately misled the market. At this point in time, it is more likely there has been misinterpretation regarding the words "residual fluids" in the Pebbly Arkose. A charge of gas may lead to a residual volatile oil, or if repeated several times, a residual gas condensate fluid or dry gas. Alternatively, gas can move the oil downdip and could be described as culminating in a residual fluid. The concern I have had is that there is an artesian aquifer, which could have the capacity to flood the hydrocarbons out of a layer leaving residual oil or gas, but that would require a non-sealing or partly sealing fault.

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Indeed Grfe4
with MK-2 been on a Horst position and up-dip hopefully any aquifer biodegradation (if that is the case) hasn't occurred.
I am also looking at the seismic of MK-2 where it show greater potential for migrations and uninterrupted seals at every horizon....
Time will tell but actually MK-2 location as always bee the first choice drill location from Mobil Oil for a gas descovery and also from Trove on YouTube.

IVZ Price at posting: 18.0¢ Sentiment: Buy Disclosure: Held
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