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- Following interpretation of seismic data, Invictus Energy (IVZ) identifies a new target at the Mukuyu prospect within the Caborra Bassa project in Zimbabwe
- Invictus has been interpreting seismic data from a survey completed at the project last year, as well as reprocessed data of the 1990 legacy Mobil dataset
- With this interpretation mostly complete, IVZ says the prospect has been confirmed with prospectivity, including extensive seismic anomalies identified at multiple levels
- Invictus has developed a well location and preliminary well trajectory for the prospect which will seek to target all key levels that potentially host anomalies
- Shares last traded at 18.5 cents on April 5
Following interpretation of seismic data, Invictus Energy (IVZ) has identified a new target at the Mukuyu prospect within the Caborra Bassa project in Zimbabwe.
Invictus owns and operates 80 per cent of the project, which was previously operated by Mobil Oil and is said to contain the largest un-drilled conventional gas prospect in onshore Africa.
The prospect was previously known as Muzarabani and has been renamed as part of a convention to name prospects after trees found in the project area.
Invictus had been interpreting seismic data from a survey completed at the project last year, as well as reprocessed data of the 1990 legacy Mobil dataset.
With this interpretation mostly complete, the company said the prospect has been confirmed with prospectivity, including extensive seismic anomalies identified at multiple levels.
Moreover, a new shallow target has been identified in the Post Dande horizon which the company highlighted as “substantial”.
Invictus has developed a well location and preliminary well trajectory for the prospect which will seek to target all key levels that potentially host anomalies.
From the seismic data, 11 major seismic horizons have been mapped and multiple prospects and leads has been identified along the basin margin.
According to the company, many of these areas are supported by anomalous seismic amplitude behaviour and the interpretation is being matured.
Invictus will continue to assess each of the basin margin prospects and select the most suitable candidate to be drilled as the second well in its 2022 drilling campaign.
Preparations are underway to commence wellpad construction and civil works are reportedly well advanced with the contract awards completed and site surveying underway.
Company shares last traded at 18.5 cents on April 6.
