<\/strong>The Company previously announced the identification of new prospects in the Dande Formation in the east of the basin. Further work has since been completed to mature these and additional prospects in the deeper Pebbly Arkose (Upper Triassic) and Angwa (Lower-Mid Triassic) Formations to assess prospective volumes and high-grade drilling candidates.
The interpretation of the 2023 2D (CB23) seismic survey data identified multiple prospects with high potential gas volumes at multiple stratigraphic levels. The targets\u2019 relatively shallow depths and, in some cases, stacked prospective intervals can be tested with simple vertical wells.<\/p>\n\n\n\n
Based on the Company\u2019s 80% share in the Cabora Bassa project, Invictus\u2019 net share of this prospective resource would equate to 2.3 Tcf and 147 MMbbl condensate (mean unrisked basis, prior to the exercising of any back-in rights). Invictus’ Cabora Bassa basin exploration portfolio<\/em><\/p>\n\n\n\n Summary of estimated prospective resources associated with Invictus’ eastern Cabora Bassa basin prospect<\/em><\/p>\n\n\n\n Assessed chance of success elements by prospect for Invictus’ eastern Cabora Bassa basin prospects<\/em><\/p>\n\n\n\n Musuma target firms as favoured candidate to test Dande play in 2025 Seismic section through Musuma<\/em><\/p>\n\n\n\n Good quality reservoir sands were encountered in the Dande Formation at Mukuyu-2 and sidewall core petrography has revealed residual hydrocarbon staining in a thin-section of a core (Figure 3) obtained from an interval where residual hydrocarbons were calculated from well logs. At Mukuyu-2, the Dande Formation is penetrated in a fault-bounded, narrow horst block. The residual hydrocarbon saturations encountered imply a failure of the trap at that location. Thin sands are observed in the overlying shale-dominated sequence and perhaps compromise the topseal or act as thief zones when juxtaposed across the structure-bounding faults. Trap considerations remain a key risk element for Musuma but the inferred amplitude support there, absent in the Dande Formation above Mukuyu, is a positive indication that the trap is working.
These central fairway gas prospects in the eastern portion of Invictus\u2019 exploration portfolio are in addition to the prospective resource associated with the previously reported Basin Margin prospects (Figure 1).
The Company will conduct a further evaluation of the Basin Margin play to select additional prospects for a future drilling campaign.<\/p>\n\n\n\n![\"\"](\"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2024\/09\/ZIMBABWE-CENTRAL-FAIRWAY.png?resize=610%2C243&ssl=1\")
<\/figure>\n\n\n\n![\"\"](\"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2024\/09\/ZIMBABWE-ESTIMATED-PROSPECTIVES-EASTERN-CABORA-BASSA.png?resize=608%2C348&ssl=1\")
<\/figure>\n\n\n\n![\"\"](\"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2024\/09\/ZIMBABWE-ASSESSED-CHANCE-OF-SUCCESS.png?resize=602%2C329&ssl=1\")
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<\/strong>The Musuma prospect has emerged as the favoured candidate to test the Dande play in the eastern Cabora Bassa. The prospect has interpreted seismic amplitude support and is estimated to have a recoverable prospective resource of 1,170 Bcf and 73 million barrels of condensate (gross mean unrisked basis).<\/p>\n\n\n\n![\"\"](\"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2024\/09\/ZIMBABWE-MUSUMA-PROSPECT.png?resize=531%2C263&ssl=1\")
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The presence of hydrocarbons in the Angwa Formation at Mukuyu has de-risked the presence of mature source rocks in the basin. Furthermore, the residual hydrocarbons in the Dande Formation at Mukuyu-2 show there has been migration of hydrocarbons to this shallower stratigraphic level. Together, these observations are positive for charge for the Dande play in the wider basin.<\/p>\n\n\n\n
In the case of exploration success at Musuma, potential follow-up prospects in the Dande play \u2013 at Mopane and Mururo \u2013 also overlie Pebbly Arkose and Angwa prospects. The Angwa formation in these eastern basin prospects is significantly shallower (present day) than at Mukuyu. This vertical stacking allows for the testing of multiple prospects with simple, vertical exploration wells.
The Exalo 202 rig remains onsite at the Mukuyu-2 location and is available for a 2025 exploration drilling campaign.<\/p>\n\n\n\n
.<\/p>\n","protected":false},"excerpt":{"rendered":"