Highlights
- IVZ is progressing the drill campaign at Mukuyu-2 sidetrack.
- The well has reached 2,987mMD towards the base of the Upper Angwa formation.
- Fluorescence and strong gas shows have been identified at numerous zones in the Upper Angwa.
Invictus Energy Limited (ASX:IVZ) has shared key details from the latest developments at the drilling campaign underway at the Mukuyu-2 well at its Zimbabwe-based Cabora Bassa Project.
The company is conducting the controlled drilling of the sidetrack well in the 8½” hole section. The well has reached 2,987m Measured Depth towards the bottom of the Upper Angwa formation.
Several zones with increased mud gas and fluorescence have been identified, and strong gas shows have been noted with significant increases from C1 to C5 compounds, in line with the Mukuyu-2 original wellbore.
Future course of action
The company plans to drill further through the Upper and Lower Angwa reservoirs towards the sidetrack section Total Depth at around 3,400 metres Measured Depth using Exalo Rig 202. These reservoirs have intersected many zones bearing hydrocarbons in Mukuyu-2.
Upon completion of the drilling of the 8 ½ inch hole section, the company plans to log the sidetrack well. Also, the sidetrack would enable the suspension of the well for future flow testing. It will allow further drilling, evaluation, and analysis of the Lower Angwa reservoir in 6-inch hole where over pressured gas bearing reservoirs were encountered in the original Mukuyu-2 wellbore.
IVZ shares traded at AU$0.160 on 04 December 2023.