Invictus Energy Makes Progress in Cabora Bassa Seismic Campaign and Awards Data Processing Contract

Invictus Energy Limited, a leading energy exploration company, is pleased to provide an update on the ongoing seismic acquisition program at its Cabora Bassa Project in Zimbabwe. Here are the key updates:

Line-preparation activities completed: Invictus Energy has successfully completed line-preparation activities, covering 425 kilometers. This crucial groundwork sets the stage for the efficient acquisition of seismic data.

Seismic data acquisition in progress: The seismic data acquisition phase has commenced and is expected to be completed by mid-August. This phase involves capturing detailed information about the subsurface geology, which will help identify potential drilling prospects.

Data processing contract awarded: Invictus Energy has awarded the data processing contract to Earth Signal Processing Ltd. This partnership will facilitate the transformation of raw seismic data into meaningful geological insights, enabling further analysis and decision-making.

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Excellent Health, Safety & Environmental performance: The Cabora Bassa Project has maintained an outstanding track record in Health, Safety, and Environmental (HSE) performance. To date, there have been no lost time incidents, reaffirming the company's commitment to prioritising the well-being of its workforce and the environment.

Expansion of Community Social Responsibility Program: Invictus Energy has expanded its Community Social Responsibility Program. This program aims to engage and benefit the local communities in which the project operates. Through job creation and the procurement of goods and services from local suppliers, the company is fostering shared prosperity and sustainable development.

Managing Director Scott Macmillan's comments further highlight the significant progress achieved in the seismic data acquisition campaign. He expresses optimism about identifying drilling-ready prospects, which will further enhance the company's exploration portfolio and prospective resource base.

Invictus Energy remains dedicated to creating opportunities and developing skills within the oil and gas industry. The ongoing student and lecturer attachment program with local universities exemplifies the company's commitment to nurturing talent and facilitating knowledge transfer.

This update demonstrates Invictus Energy's steady progress and positive impact through its seismic campaign at the Cabora Bassa Project. As the campaign continues, the company remains focused on unlocking the project's full potential and contributing to the sustainable development of Zimbabwe's energy sector.

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