Berkshire is hoarding so. much. cash.
Exciting Update: Mukuyu-2 Wireline Logging Shows Promise for Invictus Energy Limited
Why Mukuyu-2 Wireline Logging is Important for Invictus Energy Limited?
Progress Update Highlights
Gas and liquid hydrocarbons observed during initial fluid sample clean-up
Fluid sampling program to be conducted on drill pipe
Results anticipated in the next 3-5 days to complete the program
Invictus Energy Limited is excited to share an update on the Mukuyu-2 well at its Cabora Bassa Project in Zimbabwe, which it owns and operates at an 80% stake.
According to Managing Director Scott Macmillan, the initial signs from the fluid sampling program in the Upper Angwa region are promising. During the sample clean-up, gas and liquid hydrocarbons, specifically condensate/oil, were observed. This indicates the presence of moveable hydrocarbons in the area.
Macmillan expresses his encouragement at the evidence of moveable hydrocarbons during the initial clean-up. As a result, the company has decided to complete the program on drill pipe.
However, there has been a slight delay due to the wireline cable sticking to the borehole wall during the clean-up process.
Story Continues.. after this ad because we need some dollarydoos
To address this issue, the Tough Logging Conditions (TLC) setup will be used to convey the sampling tools on drill pipe. This precaution is taken to minimize the risk of the tools getting stuck during the sampling operation and retrieval to the surface.
Despite the delay, this minor setback ensures a conservative approach is taken to minimize risks. The company values the successful completion of the sampling program, which would enable them to declare a discovery.
The fluid sampling program is expected to be completed in the next several days, depending on the logging conditions and number of fluid sampling stations.
The progress update was shared on November 9, 2023.
Promote your business on our growing investor platform: Advertise With Us
Buffet indicator is showing some wild times ahead perhaps, combine that with Berkshires record high cash hoard of 30%... chart via barchart.com / Longtermtrends
Looks like we're going through something, but who would have thought with all these tarrifs, inflation and trade wars going on
Where does this end up long term with small stocks suffering white giant caps are taking all the coin?
🔺 Student Loan Delinquencies Hit Record 12.9%...
The spike in red reflects financial strain returning fast. Credit card delinquencies are rising too, hinting that lower-income consumers might be nearing a breaking point. What's going on...
The spike in red reflects financial strain returning fast. Credit card delinquencies are rising too, hinting that lower-income consumers might be nearing a breaking point. What's going on...
#ASX:ASN
Is Anson Resources’ US$330M Financing Deal the Key to Unlocking Utah’s Lithium Potential?
📈 Top 10 Stock Lists
Join the conversation
📈 Top Daily Gainers
📈 YTD Gainers
📉 Top Daily Losers
💰 High Dividend Yields
📅 Best Performers – October
✅ Seasonal Standouts – October
🔮 Seasonal Standouts – November