Mukuyu-2 Sidetrack Progress Update

Source: www.gulfoilandgas.com 12/4/2023, Location: Africa

HIGHLIGHTS
? Mukuyu-2 sidetrack drilling ongoing progressing well
? Multiple zones encountered fluorescence and strong gas shows in Upper Angwa consistent with Mukuyu-2 original wellbore
? Forward plan to drill ahead through Lower Angwa hydrocarbon bearing zones to planned TD ~3,400m and complete evaluation

Invictus Energy Limited (“Invictus” or “the Company”) is pleased to provide an update of drilling the Mukuyu-2 well at its 80% owned and operated Cabora Bassa Project in Zimbabwe.

Progress and current operations
Since the last update, controlled drilling of the sidetrack well recommenced in the 8½” hole section and the well has reached 2,987 metres Measured Depth (“mMD”) towards the base of the Upper Angwa formation.

Multiple zones with elevated mud gas and fluorescence were encountered and strong gas shows have been observed with marked increases from C1 to C5 compounds (methane, ethane, propane, butanes and pentanes) consistent with the Mukuyu-2 original wellbore.

Forward Plan
The Exalo Rig 202 will drill ahead towards the sidetrack section Total Depth at approximately 3,400mMD through the remaining Upper and Lower Angwa reservoirs where multiple hydrocarbon bearing zones were intersected in Mukuyu-2.

Following the conclusion of the drilling of the 8 ½ inch hole section, the sidetrack well will be logged including wireline formation testing and final results provided.

The completion of the sidetrack will also allow for the well to be suspended for future flow testing through running the 7-inch liner over this interval and retain the ability to drill, evaluate and test the remaining portion of the Lower Angwa in 6-inch hole in future operations where over pressured gas bearing reservoirs were encountered in the original Mukuyu-2 wellbore.


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