By - Ankur Jaiswal
- Invictus Energy (ASX:IVZ) has drilled 3,603 metres Measured Depth (“mMD") of the sidetrack well in the 8½" hole section.
- The drilling has intersected several zones of elevated mud gas and fluorescence in upper Angwa reservoir intervals which also have associated drilling breaks.
- Sidetrack well now being worked on to undertake wireline logging tools to study multiple zones of interest.
Invictus, has drilled 3,603 metres Measured Depth (“mMD”) of the sidetrack well in the 8½” hole section where the Total Depth (“TD”) was called.
The results have shown the presence of elevated mud gas peaks with marked increases from C1 to C5 compounds (methane, ethane, propane, butanes and pentanes).
The Company has highlighted that these findings are consistent with the Mukuyu-1 original wellbore.
Additionally, Invictus has intersected several zones of elevated mud gas and fluorescence in upper Angwa reservoir intervals which also have associated drilling breaks.
The presence of liquid hydrocarbons in the Mukuyu structure and Cabora Bassa Basin was also inferred based on the observation of increased background gas with heavier hydrocarbon components (asphaltene and bitumen in some cuttings samples).
Invictus has planned to prepare for wireline logging of the sidetrack well to evaluate multiple zones of interest. The Company believes the wire logging programme will allow for identifying any potential hydrocarbon pay.
Before wire logging operations, Invictus plans to ream a few hole sections to reduce the well's dogleg severity.
Invictus expects 2-4 days' time for logging and evaluation, depending on logging conditions.
Comments from Managing Director Scott Macmillan:
Source: © 2022 Kalkine Media®, data source: Company update, 19 December 2022
Invictus shares were trading 2.5% in the green at AU$0.307 (as at 01:42:05 PM AEDT). The Company’s market capitalisation stood at AU$264.69 million.