Invictus Energy Ltd reveals exciting new prospect

Staff Reporter

Invictus Energy Limited has revealed an update of its new Cabora Bassa 2023 2D Infill Seismic Survey.

This follows the discovery of  moveable condensate gas deposits, in the Mukuyu gas field in Mashonaland Central making it the second largest in Sub-Saharan Africa, with an estimated 230 million barrels of oil equivalent (boe) (1,3 trillion cubic feet) and holds 30 million TCF of gas condensate.

In a statement Invictus Energy Managing Director, Scott Macmillan informed that the latest results of the exploration indicate that the Dande formation is a single large accumulation across three structures namely Musuma, Mopane and Mururo prospects.

“Newly mapped amplitude, supported prospects in the Dande Formation that have been revealed through the CB23 Seismic Survey we acquired last year, are very exciting.

“The fact we see the seismic amplitude response across the Musuma, Mopane and Mururo prospects in the south-east of our exploration licence area is extremely encouraging and could ultimately be part of a single, large hydrocarbon accumulation,” said Managing Director Macmillan.

The Invictus Energy Managing Director, added that the Dande Formation targets are shallow and a low cost vertical well can be used when drilling campaign begins.

“The Dande Formation targets are relatively shallow (sub-1,200m) and can be tested with a simple low-cost vertical well.

“The company continues to evaluate the CB23 survey data and these exciting new prospects alongside others in the portfolio, including the untested Basin Margin play, to mature them to drill-ready for an upcoming exploration drilling campaign,” added Macmillan.

Meanwhile, the CB23 survey was acquired by Invictus in mid-2023 to provide an additional 425km of modern high quality seismic data over prospects identified on Invictus’ 2021 2D survey and a reprocessed legacy 2D dataset from 1990.

Invictus Energy’s recent identification of multiple prospects in the Cabora Bassa Project is poised to revolutionise Zimbabwe’s economic landscape, potentially propelling the nation towards its upper middle-income status by 2030. This discovery not only promises energy self-sufficiency but also significant revenue generation for Zimbabwe, marking a crucial step towards economic prosperity and development.