ZIMBABWE: Mukuyu-2 drilling update: Elevated Gas Shows & Resistivity Encountered in Upper Angwa

Progress and current operationsSince the last update, the 9 ⅝” casing was set and the choke manifold for the blow out preventer (BOP) was changed out prior to commencement of … Read More

ZIMBABWE: Presence of light Oil, Gas-Condensate & Helium Confirmed from Mukuyu-1

“Success at Mukuyu-2 and confirmation of a significant discovery will further unlock the value ofour material portfolio and basin master position in the Cabora Bassa Basin.” Result SummaryCompositional analysis has … Read More

ZIMBABWE: Invictus Energy Commences Mukuyu-2 Appraisal Well Program & Phase 2 Exploration

• Appraisal program commences with Mukuyu-2 spud targeted for early Q3 2023• Well services and long lead process tendering commenced• Mukuyu-1 post well analysis of pressure data indicates potential for … Read More

ZIMBABWE: Mukuyu-1 Evaluation Update, Operations Completed & Phase 2 Campaign Planning Commenced

HIGHLIGHTS • Mukuyu-1 ST1 identifies 13 potential hydrocarbon bearing zones • Combined 225m gross potential hydrocarbon bearing zones identified in primary Upper Angwa target • Mukuyu-1 ST1 operations completed • … Read More

ZIMBABWE: Mukuyu-1 and sidetrack final well results and Exalo Rig 202 secured for further 12 months

Since the last update, the drill string was rigged up to conduct fishing operations to attempt to retrieve the wireline formation testing tool. The drill string with the overshot was … Read More

ZIMBABWE: Mukuyu-1 STI Continues to Witness Multiple Downhole Failures

Invictus Energy continues to report challenges in completing the Mukuyu-1 side track well with the recent report indicating that the wireline cable became lodged against the wellbore, during the wireline … Read More

ZIMBABWE: Mukuyu-1 to be Sidetracked as Borehole Conditions Deteriorate

• Mukuyu-1 successfully deepened to 3,923 metres Measured Depth (“mMD”), encountering additional elevated gas shows and fluorescence through to total depth • Results prove up potential of the Upper Angwa … Read More

ZIMBABWE: Mukuyu-1 Drilling Indicates Elevated Gas Shows & Fluorescence Confirms Working Hydrocarbon System

• Fluorescence and elevated gas shows of up to 65 times above background levels in Upper Angwa primary target • Elevated gas shows and resistivity in shallower Pebbly Arkose formation … Read More

Zimbabwe: Invictus Raises $25.0m to Fund Mukuyu-1 & Baobab-1 Drilling Campaign

Invictus Energy has announced a private placement to raise $25m at $0.23 per share following the Company’s decision to sole fund the initial drilling campaign in Zimbabwe’s Cabora Bassa Basin. Following the assessment of a range of options, including farm–in bids from multiple … Read More