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: Total Eren & Chariot to Deliver Solar PV Project for Karo Mining’s Platinum Mine

Total Eren and Chariot, have announce that, pursuant to the partnership entered into in November 2021, Total Eren and Chariot have agreed to work together on the development, financing, construction, … 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

ZIMBABWE: Invictus Awarded Indigenous Forests to Offset Emissions Generated from the Cabora Bassa Project

Invictus Energy has entered a 30-year contract with the Forestry Commission of Zimbabwe (FCZ) for the development of the Ngamo-Gwayi-Sikumi (NGS) REDD+ project, which is renewable for a further 30 … Read More

ZIMBABWE: Invictus Energy Reports 2.7-fold in Mukuyu Prospect Assessment

Invictus Energy reports it has received an updated Independent Report from ERCE estimating substantial resource potential at its Cabora Bassa Project. ERCE estimates the gross mean recoverable conventional potential of … Read More