IVZ

4.55%

6.9¢ invictus energy ltd

MDT toolS right? Having redundancy with the traditional MDT and...

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StnningBlckbrry

623 Posts.

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31/10/23

17:54

Post #: 70648521
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Originally posted by OldGeo: ↑

Hi Gimo211,
"I'm convinced the discovery call is almost a given."I agree with your sentiment that a discovery at Mukuyu-2 is highly likely. In the earlier years of my career, I have spent considerable time as a wellsite geologist and then operations geologist on both exploration and appraisal wells. In my view, IVZ has provided compelling, data-driven evidence that a discovery (sample to surface) is highly probable. As many others have already summarised, especially Kiwiwgeo8339 and VOGC, the elements for an upcoming discovery are convincing.
Drilling breaks into low gamma ray sands (good porosity indicator, clean sands-low clay content)
Accompanying strong gas shows and fluorescence,
Accompanying elevated resistivities from the MWD tool in these low gamma ray sands with a drilling break (a good hydrocarbon indicator and given the above, it is unlikely that these sands are tight - tight sands generally have higher resistivities),
Liner mobilised (Management confidence in what they are seeing, and they have access to a lot more data than we do......)

If the MDT tool performs as expected, and hydrocarbon samples are retrieved to surface, IVZ has tremendous running room/potential.

Normally at this stage of a drill, I would sell sufficient stock to be free carried, but in this instance, based on what the company has provided to the market, I am bullish enough that Mukuyu-2 will deliver a discovery announcement next week and hence I am holding tight to my shares.

Good luck all next week...........

Kind regards OldGeo

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MDT toolS right? Having redundancy with the traditional MDT and Saturn makes me sleep (very slightly) better at night.
Last edited by StnningBlckbrry: 31/10/23

IVZ Price at posting: 23.5¢ Sentiment: Hold Disclosure: Held
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Last 6.9¢		Change 0.003(4.55%)		Mkt cap ! $97.83M

Open	High	Low	Value	Volume
6.8¢	6.9¢	6.6¢	$269.3K	3.995M

Buyers (Bids)

No.	Vol.	Price($)
4	482259	6.6¢

Sellers (Offers)

Price($)	Vol.	No.
6.9¢	421552	2

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No.	Vol.	Price($)
4	482259	0.066
5	687240	0.065
3	216877	0.064
3	172538	0.063
3	265000	0.062

Price($)	Vol.	No.
0.069	421552	2
0.070	482500	3
0.071	1035913	5
0.072	1040000	4
0.073	1060000	3

Last trade - 16.10pm 21/06/2024 (20 minute delay)

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