Invictus Energy is an independent upstream oil and gas company listed on the Australian Securities Exchange (ASX: IVZ) and the OTC Markets (OTCQB: IVCTF). Our asset portfolio consists of the highly prospective SG 4571 & EPOs 1848/49, in the Cabora Bassa Basin in Zimbabwe, one of the largest under-explored interior rift basins in Africa.
Invictus recently drilled its maiden Mukuyu-1/ST1 well in SG 4571, which identified 13 potential hydrocarbon bearing zones and proved a working hydrocarbon system in the basin.
The Company is now preparing to drill the follow-up Mukuyu-2 appraisal well, targeting multiple hydrocarbon (gas-condensate and potentially light oil) bearing intervals encountered in the Mukuyu-1/ST1 well in the Upper Angwa and Pebbly Arkose formations, with the aim of confirming a gas-condensate discovery.
Mukuyu-2 will also test additional prospectivity in the deeper Upper Angwa and undrilled Lower Angwa, which were not penetrated in the Mukuyu-1/ST1 campaign, providing further upside potential. It will also aim to test the Post Dande horizon away from the major east-west fault on the southern flank.
Mukuyu-2 is expected to spud in the third quarter of 2023.