Breaking News: What's Behind Invictus Energy's Monumental Gas Discovery in Zimbabwe?
Invictus Energy Ltd
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Breaking News: What's Behind Invictus Energy's Monumental Gas Discovery in Zimbabwe?

Invictus Energy Limited Announces Groundbreaking Gas Discovery in Zimbabwe’s Cabora Bassa Project

Invictus Energy Limited, a prominent figure in the oil and gas industry, is riding the waves of a momentous achievement. The company recently revealed a groundbreaking gas discovery at the Mukuyu-2 well within its 80% owned and operated Cabora Bassa Project, located in Zimbabwe. This landmark event marks the unveiling of the first Triassic-aged hydrocarbon discovery in Sub Saharan Africa, positioning Invictus at the frontier of an unparalleled energy breakthrough.

Discovery Unveiled: A Milestone Achievement

The gas discovery at Mukuyu-2 stands as a watershed moment in the onshore Southern Africa oil and gas industry. Recovering four hydrocarbon samples from two zones in the Upper Angwa formation, Invictus has set the stage for unprecedented developments within the region.

Managing Director Scott Macmillan expressed his elation, stating, “We are delighted to declare a gas discovery from the Mukuyu-2 sidetrack well in the Upper Angwa formation. The discovery represents one of the most significant developments in the onshore Southern Africa oil and gas industry for decades.

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Macmillan further highlighted the extensive potential inherent in the Mukuyu field, boasting a structural closure of over 200km2. Positioned 7km away and 450 meters updip of the Mukuyu-1 well, this revelation at Mukuyu-2 reaffirms the colossal potential residing within Invictus’ acreage in the Cabora Bassa basin.

Operational Progress and Future Endeavors

As the company drills towards the base of the Upper Angwa formation, intermediate Total Depth (“TD”) was called at 2,987m Measured Depth (“mMD”). Invictus opted for an intermediate wireline logging run, capturing a limited suite of wireline logging data identifying multiple hydrocarbon-bearing reservoirs in the Upper Angwa.

Four hydrocarbon samples were successfully recovered from two separate zones, while wireline log interpretation estimated a preliminary net pay of 13. 9m for the Upper Angwa. Notably, significant additional gross sands were encountered, holding the promise of further reservoir development.

The discovery not only elevates the prospects of the Mukuyu field but also augurs well for potential discoveries across Invictus’ expansive acreage in the Cabora Bassa Basin.

Moving forward, the Exalo Rig 202 will continue drilling towards the sidetrack section Total Depth at approximately 3,400mMD, focusing on Lower Angwa reservoirs. This section has shown multiple zones interpreted as hydrocarbon-bearing, instilling optimism for subsequent operations.

Invictus Energy Limited’s gas discovery at the Mukuyu-2 well stands as a monumental breakthrough, signifying the dawn of a new era in Southern Africa's energy landscape. As the company forges ahead with its ambitious exploration and appraisal program, it's poised to reshape the region's energy dynamics for generations to come.

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