{"id":9549,"date":"2020-12-14T20:31:49","date_gmt":"2020-12-14T20:31:49","guid":{"rendered":"https:\/\/oilnewskenya.com\/?p=9549"},"modified":"2020-12-14T20:31:49","modified_gmt":"2020-12-14T20:31:49","slug":"zimbabwe-invictus-to-commence-field-operations-completion-of-placement-with-strategic-investor","status":"publish","type":"post","link":"https:\/\/www.oilnewskenya.com\/index.php\/zimbabwe-invictus-to-commence-field-operations-completion-of-placement-with-strategic-investor\/","title":{"rendered":"ZIMBABWE: Invictus to Commence Field Operations & Completion of Placement with Strategic Investor"},"content":{"rendered":"

Seismic Acquisition & Drilling Plan Advancing<\/strong>
\nThe Company successfully concluded its recent field operations and reconnaissance program in the Cabora Basa Basin. Detailed traversing and mapping across the area has been completed and identified the optimal acquisition routes. The Company is making
\nsignificant progress on executing the first seismic acquisition program in the country for 30 years and is working closely with the seismic contractors on a planned acquisition campaign in 2021 to commence once the rainy season has concluded. This will be
\nfollowed by a high impact basin opening drilling campaign to test the petroleum potential of the Cabora Bassa Basin.<\/p>\n

Field Operations Completed & Additional Seal Potential Identified<\/strong>
\nThe recent reconnaissance field program also revealed additional exposure of the Jurassic-Cretaceous aged Dande Formation and possibly younger sediments approaching the southern Basin edge. A significant sequence of mudrock interbedded with sandstone,
\ngiving rise to typical \u2018ridge and furrow\u2019 topography, was observed for several kilometres along a section coincident with the traverse completed along proposed seismic line L35. The conclusion drawn from this observation is that the post-Dande Formation, in this
\nlocality and possibly elsewhere, contains a significantly larger proportion of mudrock than previously recognised.<\/p>\n

Such developments could have significant intra-formational seal potential for this sequence and de-risk a key element of the petroleum system for this play. The observation of these significant mudrock sequences within this unit is consistent with the interpretation of better developed seals moving basinward. The interpretation is further supported by the elevated amplitude anomalies which may indicate the presence of
\nhydrocarbons (Figure 1) on the high side fault trap coincident with the previously identified Lead A (Figure 2) feature in the post Dande formation and could indicate a competent seal and reservoir pair.<\/p>\n

\"\"
\nFigure 1 – Lead A showing elevated amplitude anomaly on high side fault trap shown on nears<\/p>\n

\"\"
\nFigure 2 – Lead A in Post Dande location shown on seismic line 13<\/p>\n

These younger sequences (Dande and post Dande) were not the focus of previous studies or operators and as a result little information on the potential of this sequence has been gathered until now. The reconnaissance program has also identified additional locations for further geochemical sampling and analysis which is being undertaken.<\/p>\n

Production Sharing Agreements progressing through approvals<\/strong>
\nThe Production Sharing Agreements with the Republic of Zimbabwe continue to progress and are now in the approval process. The Company will provide updates to the market regarding progress to the finalisation of the PSA and any associated Government approvals<\/p>\n","protected":false},"excerpt":{"rendered":"

Seismic Acquisition & Drilling Plan Advancing The Company successfully concluded its recent field operations and reconnaissance program in the Cabora Basa Basin. Detailed traversing and mapping across the area has … Read More<\/a><\/p>\n","protected":false},"author":24,"featured_media":8566,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"jetpack_post_was_ever_published":false},"categories":[7442,7445,11],"tags":[8753,8754,2272,2767],"class_list":["post-9549","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-countries","category-southern-africa","category-top-news","tag-cabora-basa-basin","tag-invictus","tag-seismic","tag-zimbabwe","entry"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2020\/07\/Zimbabwe-Cabora-Bassa.jpg?fit=570%2C797&ssl=1","jetpack_shortlink":"https:\/\/wp.me\/p5JWkQ-2u1","jetpack-related-posts":[{"id":9935,"url":"https:\/\/www.oilnewskenya.com\/index.php\/invictus-tatanga-energy-sign-gas-sales-mou-for-500mw-gas-to-power-project\/","url_meta":{"origin":9549,"position":0},"title":"Invictus & Tatanga Energy Sign Gas Sales MOU for 500MW Gas to Power Project","author":"","date":"February 18, 2021","format":false,"excerpt":"Non-binding offer for farm-in to the Cabora Bassa Project During the quarter, the Company received a non-binding offer for farm-in to the Cabora Bassa Project. The proposed transaction is subject to completion of further technical, legal and commercial due diligence by both parties, approvals and agreements by requisite government authorities\u2026","rel":"","context":"In "Countries"","block_context":{"text":"Countries","link":"https:\/\/www.oilnewskenya.com\/index.php\/category\/countries\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2020\/07\/Zimbabwe-Cabora-Bassa.jpg?fit=570%2C797&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2020\/07\/Zimbabwe-Cabora-Bassa.jpg?fit=570%2C797&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2020\/07\/Zimbabwe-Cabora-Bassa.jpg?fit=570%2C797&ssl=1&resize=525%2C300 1.5x"},"classes":[]},{"id":10967,"url":"https:\/\/www.oilnewskenya.com\/index.php\/zimbabwe-cabora-bassa-seismic-acquisition-50-complete\/","url_meta":{"origin":9549,"position":1},"title":"ZIMBABWE: Cabora Bassa Seismic Acquisition 50% Complete","author":"","date":"October 7, 2021","format":false,"excerpt":"Invictus Energy operated\u00a0Cabora Bassa 2021 seismic survey\u00a0 campaign in Zimbabwe is ongoing with 220km of data recording and 240km of layout completed to date. The data quality and density being acquired from the CB21 Survey is excellent and a step change from the Invictus previous Mobil survey conducted in 1990.\u2026","rel":"","context":"In "Countries"","block_context":{"text":"Countries","link":"https:\/\/www.oilnewskenya.com\/index.php\/category\/countries\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2020\/07\/Zimbabwe-Cabora-Bassa.jpg?fit=570%2C797&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2020\/07\/Zimbabwe-Cabora-Bassa.jpg?fit=570%2C797&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2020\/07\/Zimbabwe-Cabora-Bassa.jpg?fit=570%2C797&ssl=1&resize=525%2C300 1.5x"},"classes":[]},{"id":10233,"url":"https:\/\/www.oilnewskenya.com\/index.php\/zimbabwe-polaris-natural-resources-awarded-cabora-bassa-basin-seismic\/","url_meta":{"origin":9549,"position":2},"title":"ZIMBABWE: Polaris Natural Resources Awarded Cabora Bassa Basin Seismic","author":"","date":"April 21, 2021","format":false,"excerpt":"Invictus, following the recent signing of the PEDPA with the Republic of Zimbabwe, has awarded Polaris Natural Resources Inc, Canada\u2019s longest standing seismic company to provide acquisition services for its first 2D seismic program in the Cabora Bassa Basin. Polaris has conducted over 1,000 seismic projects since 1996 and introduced\u2026","rel":"","context":"In "Countries"","block_context":{"text":"Countries","link":"https:\/\/www.oilnewskenya.com\/index.php\/category\/countries\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2020\/07\/Zimbabwe-Cabora-Bassa.jpg?fit=570%2C797&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2020\/07\/Zimbabwe-Cabora-Bassa.jpg?fit=570%2C797&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2020\/07\/Zimbabwe-Cabora-Bassa.jpg?fit=570%2C797&ssl=1&resize=525%2C300 1.5x"},"classes":[]},{"id":10274,"url":"https:\/\/www.oilnewskenya.com\/index.php\/zimbabwe-invictus-energy-provides-quarterly-activities-report\/","url_meta":{"origin":9549,"position":3},"title":"ZIMBABWE: Invictus Energy Provides Quarterly Activities Report","author":"","date":"April 29, 2021","format":false,"excerpt":"HIGHLIGHTS \u2022 Petroleum Exploration Development and Production Agreement (PEDPA) signed with Republic of Zimbabwe \u2022 PEDPA provides the licence holder the right to enter into a 25 year production licence following exploration periods \u2022 Completed capital raise of $8m via Private Placement to sophisticated and institutional investors \u2022 Proceeds from\u2026","rel":"","context":"In "Countries"","block_context":{"text":"Countries","link":"https:\/\/www.oilnewskenya.com\/index.php\/category\/countries\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2020\/07\/Zimbabwe-Cabora-Bassa.jpg?fit=570%2C797&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2020\/07\/Zimbabwe-Cabora-Bassa.jpg?fit=570%2C797&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2020\/07\/Zimbabwe-Cabora-Bassa.jpg?fit=570%2C797&ssl=1&resize=525%2C300 1.5x"},"classes":[]},{"id":10494,"url":"https:\/\/www.oilnewskenya.com\/index.php\/zimbabwe-cabora-bassa-project-set-to-commence-2d-seismic\/","url_meta":{"origin":9549,"position":4},"title":"ZIMBABWE: Cabora Bassa Project Set to Commence 2D Seismic","author":"","date":"June 28, 2021","format":false,"excerpt":"Seismic Campaign Update Following the award of the seismic acquisition contract to Polaris Natural Resources Inc. as earlier announced Invictus Energy says Polaris has received work permits for their expatriate staff and have begun mobilising personnel to Zimbabwe to commence the 2D seismic campaign and are due to arrive in\u2026","rel":"","context":"In "Countries"","block_context":{"text":"Countries","link":"https:\/\/www.oilnewskenya.com\/index.php\/category\/countries\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":10994,"url":"https:\/\/www.oilnewskenya.com\/index.php\/zimbabwe-invictus-energy-completes-cabora-bassa-seismic-survey\/","url_meta":{"origin":9549,"position":5},"title":"ZIMBABWE: Invictus Energy Completes Cabora Bassa Seismic Survey","author":"","date":"October 18, 2021","format":false,"excerpt":"The Cabora Bassa 2021 seismic survey has completed 467km of data acquisition and remediation of the completed lines has commenced. The HSE performance throughout the program has been exceptional, and the project has now exceeded 100,000 hours without a Lost Time Injury (LTI). The preliminary processing of test Line 05\u2026","rel":"","context":"In "Countries"","block_context":{"text":"Countries","link":"https:\/\/www.oilnewskenya.com\/index.php\/category\/countries\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2020\/07\/Zimbabwe-Cabora-Bassa.jpg?fit=570%2C797&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2020\/07\/Zimbabwe-Cabora-Bassa.jpg?fit=570%2C797&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2020\/07\/Zimbabwe-Cabora-Bassa.jpg?fit=570%2C797&ssl=1&resize=525%2C300 1.5x"},"classes":[]}],"jetpack_sharing_enabled":true,"jetpack_likes_enabled":true,"_links":{"self":[{"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/posts\/9549","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/users\/24"}],"replies":[{"embeddable":true,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/comments?post=9549"}],"version-history":[{"count":1,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/posts\/9549\/revisions"}],"predecessor-version":[{"id":9552,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/posts\/9549\/revisions\/9552"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/media\/8566"}],"wp:attachment":[{"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/media?parent=9549"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/categories?post=9549"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/tags?post=9549"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}