IVZ 11.3% 5.9¢ invictus energy ltd

"By your metric every other discovery doesn't have areas that...

  1. 1,538 Posts.
    lightbulb Created with Sketch. 361
    "By your metric every other discovery doesn't have areas that would be deemed tight?"

    Oil and gas reservoir: There are always good and not so good parts there. Very often a small number of production wells produce most of the production volume within a gas or oil field.

    But the message should be: fluviatil reservoirs are often tight reservoirs. IMO, Mr SM is not just shying away from the production well test at Mukuyu 2, he is shying away from the whole Mukuyu Antikline and offering other exploration wells with different petroleum geology concepts, because I guess , he knows how difficult it is to find a stratigraphical sweet spot in the Mukuyu structure. For me it is very dissapointing that after 2 quartes after finishing drilling IVZ is still not announcing the kick off day for the well test.

    But beliefe me I would be very happy when Mr SM is able to present a commercial flow test rate from Mukuyu 2.
 
watchlist Created with Sketch. Add IVZ (ASX) to my watchlist
(20min delay)
Last
5.9¢
Change
0.006(11.3%)
Mkt cap ! $83.65M
Open High Low Value Volume
5.4¢ 5.9¢ 5.2¢ $237.5K 4.358M

Buyers (Bids)

No. Vol. Price($)
3 145000 5.6¢
 

Sellers (Offers)

Price($) Vol. No.
5.9¢ 90711 3
View Market Depth
Last trade - 15.39pm 12/06/2024 (20 minute delay) ?
Last
5.8¢
  Change
0.006 ( 8.41 %)
Open High Low Volume
5.4¢ 5.8¢ 5.2¢ 2049342
Last updated 15.42pm 12/06/2024 ?
IVZ (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.