IVZ 5.19% 7.3¢ invictus energy ltd

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    A bit hard giving an accurate estimate on ROP without knowing lithology and how much steering theyre doing.

    I'm assuming they have a PDC bit in the hole. While they're rotating they could be getting ROPs of up to 20-30m/hr in good sands. While steering ROPs are a lot slower...down to as slow as 5m/hr.

    A rough guesstimate - lets assume an average ROP of 12m/hour. 1450m at that ROP = 5 days. Factor in connections and other non drilling time (eg orienting bit etc) 5.5 days.
 
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