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6.7¢ invictus energy ltd

I disagree I think the delay is due to the ppsa not being signed...

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Hersheys7

654 Posts.

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17/04/24

14:30

Post #: 73388921
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Originally posted by Cosmoterios: ↑

Absolutely agree. I think they will try to find another place to drill the "Dande, Forest and Pebbly Arkose" prospects.

It looks like it had good por/perm there. Just bad sealing.

Its why a new 3d is necessary; to work out better sealing.

As for the lower and upper Angwa, its probably too tight. They would have all the results from wireline logs and cores by now. And if it was good, they would have ordered the equipment for flow testing as a "Priority".

After all, the rig is sitting idle and its costing money each month on leasing and security personnel.

IMHO, the lack of action on this front would suggest negative results, so why waste little money they have left to flow test something that is going to return poor results.

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I disagree I think the delay is due to the ppsa not being signed yet. Why would a company being very careful with money flow test something they didnt think would flow? That would make absolutely no sense. Scott has already said it will flow

Last edited by Hersheys7: 17/04/24

IVZ Price at posting: 7.4¢ Sentiment: Buy Disclosure: Held
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