HIGHLIGHTS
- Drilling commenced at Mukuyu-2 marking an important milestone in the high impact Cabora Bassa Basin exploration program
- Rig acceptance and third-party services mobilisation completed
- Mukuyu-2 drilling and evaluation estimated 50-60 days to complete
Invictus Energy has announced the commencement of drilling of the Mukuyu-2 well at its 80% owned and operated Cabora Bassa Project in Zimbabwe.
Comments from Managing Director Scott Macmillan:
'This is an exciting and long-anticipated moment for Invictus and our shareholders, and the commencement of our second drilling campaign is a significant milestone.
'Following our successful basin opening Mukuyu-1 wildcat well completed last year, which proved a working petroleum system and multiple hydrocarbon bearing reservoirs has de-risked future drilling and provides us with increased confidence in Mukuyu-2.
'Mukuyu-2, if successful, could be transformational for the Company, Zimbabwe and much of southern Africa’s future energy needs.'
Mukuyu-2 spuds
The Company is pleased to announce drilling at the Mukuyu-2 appraisal well in SG 4571 commenced on Wednesday 20 September 2023 local time.
Mukuyu-2 will be drilled to a planned total depth of 3,750 metres. Drilling and evaluation of the well is prognosed to take approximately 50 to 60 days to complete.
Mukuyu-2 will test the primary target interval, the Triassic Upper Angwa formation, sitting approximately 450m updip from Mukuyu-1 where hydrocarbons were intersected, as shown in Figure 2.
The well will also penetrate multiple additional targets including the Dande (Jurassic-Cretaceous), Forest and Pebbly Arkose (both Triassic) formations, as well as the previously untested Lower Angwa sequence within the Mukuyu anticline in the central horst structure, as shown in Figure 2 and Figure 3.
The Company will provide regular updates as the drilling campaign progresses.
Source: Invictus Energy
