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Invictus Energy (ASX: IVZ) completes preliminary wireline program at Mukuyu-2 well

November 06, 2023 01:50 PM AEDT | By Manisha
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Highlights

  • Invictus Energy has completed preliminary wireline program at the Mukuyu-2 well.
  • Many zones with hydrocarbon have been identified in Upper and Lower Angwa reservoir sands, during interpretation of wireline log.
  • IVZ is now conducting the wiper trip for the borehole for downhole fluid sampling from Lower and Upper Angwa targets.

Invictus Energy Limited (ASX: IVZ), an independent upstream oil and gas company, on Monday (6 November) revealed that preliminary wireline program has been concluded at the Mukuyu-2 well at its Cabora Project, Zimbabwe.

The company said several zones with hydrocarbon have been identified in the Upper and Lower Angwa during the analysis of the preliminary wireline logs. These zones are similar to intervals which reflected increased gas shows during drilling.


Image source: Company update

IVZ shares were spotted trading at AU$0.205. The company has a market cap of AU$290 million.


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