Thursday, October 26, 2023
Invictus Energy issued an update on its drilling program which has reached a depth of 3,296 meters MD in Zimbabwe’s Cabora Bassa basin. The company reports that strong gas shows and fluorescence were encountered in multiple reservoirs and preparations are underway to drill ahead. Total gas observed from reservoirs in Mukuyu-2 to date is approximately four times greater than observed total gas peaks in Mukuyu-1.
Highlights
On the news, Invictus Managing Director Scott Macmillan commented: “‘We continue to see highly encouraging signs through our Upper Angwa primary target, and now also in the top Lower Angwa, with increased strong gas shows, fluorescence and elevated resistivity from Logging While Drilling (LWD) tools across multiple zones down to the current TD (total depth) of the well with several hundred metres of undrilled section and potential upside still ahead.
“Results to date have been extremely encouraging through the Upper Angwa and additional positive indications of the play potential in the previously untested Lower Angwa is exciting.
“We are preparing to drill ahead following a change out of the drill bit and bottomhole assembly, and potentially deepen the well providing drilling conditions permit now that we have confirmed additional potential in the Lower Angwa formation, which opens up a substantial new play type in Mukuyu and the wider Cabora Bassa within our acreage position.
“Once Total Depth (TD) is reached it will be followed by a comprehensive wireline logging program to evaluate results, with the aim of confirming the presence of moveable hydrocarbons in multiple zones and declaring a discovery.”
The full announcement can be viewed on the Invictus Energy website here.