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Highlights
- Invictus Energy has completed surface hole section drilling to a depth of 496m at Mukuyu-2 well of Cabora Bassa Project.
- The ASX-listed firm has planned to drill Mukuyu-2 to around 3,750 metres.
- The firm is expecting to wrap up drilling and evaluation at Mukuyu-2 within two months.
In the latest announcement, Invictus Energy Limited (ASX: IVZ) revealed that the Exalo Rig 202 has drilled the 17 ½” surface hole section at Mukuyu-2 well of its Zimbabwe-based Cabora Bassa Project. The surface hole section drilling has been completed to a measured depth (MD) of 496m.
The company has successfully installed the blow out preventer stack after setting up a 13 ⅜ inch casing. Also, IVZ has started drilling the intermediate 12 ¼ inch hole section.
Mukuyu-2 to Mukuyu-1 correlation, well trajectory and primary targets
Image source: company update
Future course of action
The drill process will continue through the Dande and Forest targets with rig 202 in the 12 ¼” inch intermediate hole section to 2,040m MD within the Pebbly Arkose formation. Later, a wireline logging evaluation suite will be run and a 9 ⅝” casing will be set.
Further, the rig will drill in the 8 ½” hole section through to the primary targets in the Upper Angwa and to the Lower Angwa to nearly 3,750 metres MD.
More about Mukuyu-2 Well
Invictus Energy has planned Mukuyu-2 to be drilled to around 3,750 metres depth. The well drilling and evaluation would be completed in about two months.
Mukuyu-2 will analyse the Triassic Upper Angwa formation, the primary target interval. Additionally, more targets will be penetrated through the well.
IVZ stock was trading at AU$0.145 at the time of writing on 03 October 2023, with a market cap of over AU$186 million.