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7.7¢ invictus energy ltd

Potential for Mukuyu-1's Results to be Above Market Expectations, page-267

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petere

1,604 Posts.

655

11/07/23

10:40

Post #: 68722819
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Originally posted by butcherano: ↑

G’day @petere - I should have used the “horizon” nomenclature to differentiate between Post-Dande and Dande.

Agree that the Post-Dande (200 horizon) is still a primary target.

But the Dande (250-350 horizon) isn’t.

My point was more that the 200-250 horizon (Dande) and also the 400 horizon (Forest) will most likely be intersected right on the main East-West fault with a near-vertical well. Which would be no good if these were still reservoir targets.

Our Post Dande (200 horizon) will sit clearly to the north of this fault at MK-2. And the Pebbly Arkose and deeper targets will be in the compartment to the South of this East-West fault for MK-2.

I marked up the approximate MK-2 location at both the 200 horizon and the 600 horizon below based on the planned co-ordinates for MK-2 in the two screenshots below.

You can see from this that at some point between the 200 horizon and the 600 horizon, the proposed near-vertical well for MK-2 passes right through the main East-West fault. From looking at the seismic sections this would most likely be at the 250-350 and 400 horizons which is no longer an issue for us.

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I re-read your earlier post and now realise I mistook what you were stating, and Post Dande was still a target.

IVZ Price at posting: 12.0¢ Sentiment: Buy Disclosure: Held
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Last 7.7¢		Change -0.004(4.94%)		Mkt cap ! $113.8M

Open	High	Low	Value	Volume
7.8¢	8.2¢	7.7¢	$254.3K	3.208M

Buyers (Bids)

No.	Vol.	Price($)
7	215537	7.7¢

Sellers (Offers)

Price($)	Vol.	No.
7.9¢	122458	5

View Market Depth

No.	Vol.	Price($)
7	190325	0.077
2	265750	0.076
6	260761	0.075
1	200000	0.074
2	86000	0.073

Price($)	Vol.	No.
0.079	122458	5
0.080	3911	1
0.081	8361	1
0.082	230000	3
0.083	575918	2

Last trade - 14.55pm 06/08/2024 (20 minute delay)

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