Why is Invictus Energy's Mukuyu Discovery the Second Largest in Sub-Saharan Africa?

Invictus Energy's Mukuyu Discovery: A Milestone in Sub-Saharan Africa's Energy Landscape

Invictus Energy Limited has emerged as a notable player in the Sub-Saharan energy sector with its significant gas discovery at the Mukuyu field, within the 80% owned and operated Cabora Bassa project in Zimbabwe.

Garnering recognition from the global energy research firm Wood Mackenzie, Mukuyu stands as the second largest discovery in Sub-Saharan Africa for the year 2023. This milestone is not only a testament to Invictus's exploration prowess but also highlights the untapped potential within the region's energy resources.

Mukuyu Field: A New Horizon in Gas Exploration

Landmark Discovery: Mukuyu has been estimated as a 230 million boe resource, following two gas discoveries in the Upper and Lower Angwa formations, announced in December 2023.

Regional Impact: In 2023, the region saw seven discoveries across 17 wells, with Invictus contributing two significant finds, underscoring the company's role in unlocking Sub-Saharan Africa's hydrocarbon potential.

Exploration Upside: With substantial prospective resources, Invictus is focused on further drilling to convert these into contingent resources and ultimately, proven reserves.

Strategic Advancements and Operational Insights

Continued Exploration: Following the material discoveries at Mukuyu-2 / ST-1 well, Invictus is set on leveraging its dominant acreage position in the Cabora Bassa basin to explore additional prospects within the basin.

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Industry Recognition: The acknowledgment by Wood Mackenzie places Mukuyu alongside discoveries by multinational corporations, affirming Invictus's competitive edge and the discovery's global significance.

Future Prospects: The company is poised to advance its exploration campaign, with the aim of further delineating the Mukuyu field's potential and exploring new targets within its extensive acreage.

Invictus Energy's Strategic Positioning

Invictus's strategic foothold in the Cabora Bassa basin, coupled with the Mukuyu discovery, positions the company at the forefront of Sub-Saharan Africa's energy exploration. With a commitment to ethical and responsible exploration practices, Invictus is not just exploring energy resources but is also contributing to the regional energy narrative, offering a glimpse into the untapped potential of Sub-Saharan Africa.

The Mukuyu discovery by Invictus Energy marks a significant milestone in Sub-Saharan Africa's energy exploration landscape. As Invictus continues to explore and develop its holdings in the Cabora Bassa basin, the potential for further discoveries and the development of a new petroleum province in Zimbabwe highlights the transformative impact of such endeavors on the region's energy future. With strategic focus and operational excellence, Invictus Energy is set to play a pivotal role in shaping the energy dynamics of Sub-Saharan Africa.

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