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Invictus Energy (ASX: IVZ) drills Mukuyu-2 Sidetrack to target depth

December 11, 2023 04:51 PM AEDT | By Manisha
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Highlights

  • Invictus is drilling Mukuyu-2 sidetrack well at Cabora Bassa Project.
  • Around 3,360mMD has been reached at the sidetrack well in the Lower Angwa.
  • In the Lower Angwa, the company encountered multiple zones with strong gas shows and fluorescence.
  • IVZ will conduct wireline logging at the sidetrack well, including formation testing and sampling.

Independent upstream oil & gas company Invictus Energy Limited (ASX: IVZ) has shared a drilling update for Mukuyu-2 sidetrack well at its Cabora Bassa Project in Zimbabwe. Approximately 3,360 mMD has been reached at the sidetrack well. IVZ has marked it as the Total Depth in the Lower Angwa formation.

Few days back, the company announced about a gas discovery in the Upper Angwa. The announcement came soon after hydrocarbons were found to surface and intermediate wireline logging was finalised.

So far, Invictus has found strong gas shows and fluorescence in several zones in the Lower Angwa. The observations are in accordance with the findings at Mukuyu-2 original wellbore. Reservoirs with hydrocarbons have been interpreted from wireline logging in the original Mukuyu-2 wellbore.

IVZ now plans to run in hole to begin wireline logging operations as the wellbore has been conditioned for logging.

Path forward

Invictus intends to hold wireline logging at Mukuyu-2 sidetrack well. The logging will consist of formation testing as well as sampling, sidewall cores and a vertical seismic profile.

With the completion of work at the sidetrack well, Invictus will be able to suspend the well for future flow testing which will be done using a 7-inch liner for this interval.

 IVZ will be able to drill, measure and analyse the Lower Angwa portion in the 6-inch hole in future operations.

IVZ shares traded ~5% higher at AU$ 0.215 on 11 December 2023.


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