Invictus hits prolific finds in frontier Zimbabwe

Zimbabwe

HARARE, January 24, 2023 – Invictus Energy has identified 13 potential hydrocarbons bearing zones at its Mukuyu-1 exploration well in Zimbabwe, the Australian-based independent announced on Monday.

Potential areas were found across the Pebbly Arkose and Upper Angwa formations, with 11 hydrocarbons bearing zones totalling 225 metres discovered in the latter formation.

“This is an outstanding result and virtually unprecedented for the first well in a frontier basin, establishing a new petroleum province and substantially de-risking the company’s wider acreage in the Cabora Bassa basin,” said Scott Macmillan, managing director of Invictus Energy.

In February 2022, the E&P company signed a contract with Baker Hughes for the drilling campaign.

In July 2022, the company tripled the estimated resources at the play to 566 bcm (20 tcf) of gas and 4.3 billion boe of gas condensate through an evaluation of 2D seismic data.

Invictus Energy proceeded to drill the exploration well in late 2022 with the Exalo Rig 202.

The second phase of drilling will see the rig moved to the Mukuyu-2 and Baobab-1 wells and other exploration prospects on the block.

Invictus Energy holds an 80% operating share of the 1,010-square-kilometre SG 4571 concession in northern Zimbabwe.