SG 4571 covers 250,000 acres located in the most prospective portion of the Cabora Bassa Basin in northern Zimbabwe. The licence is currently in the second exploration period which runs to August 2023. Invictus entered into an agreement with the Zimbabwe Government in March 2022 to increase the licence area by sevenfold to 1.77 million acres and is awaiting customary gazettal*.
Previously explored by Mobil Oil, the project contains the largest undrilled structure in onshore Africa. The Muzarabani anticline feature has over 200km2 under closure and 500m vertical relief at favourable depths for conventional oil and gas.
The Mukuyu (Muzarabani) conventional gas-condensate prospect, the largest undrilled prospect onshore Africa with an independently estimated 8.2 Tcf + 247 million barrels (gross mean unrisked basis) of conventional gas-condensate in a stacked target.
The Company has completed a comprehensive Environmental Impact Assessment which was one of the largest surveys ever undertaken in the country. The regulator, the Environmental Management Agency, has approved the Environmental Management Plan for seismic and drilling.
Invictus is executing a high-impact work program and completed the acquisition of 840 km of high resolution infill 2D seismic data ahead of a basin opening drilling campaign commencing in July 2022.
|Asset Overview||SG 4571|
|Acerage||1.77 million acres*|
|License Duration||June 2024 (2nd term)|
|Environmental Impact Assessment||Complete|
|Independent Prospective Resource||9.25 TF + 294m barrels of