Invictus Energy (ASX:IVZ) issues update on Mukuyu-1 sidetrack operations - Kalkine Media

Follow us on Google News:
 Invictus Energy (ASX:IVZ) issues update on Mukuyu-1 sidetrack operations
Image source: © Justinb | Megapixl.com


  • Invictus Energy (ASX:IVZ) is undertaking sidetracking drilling operations at the Mukuyu-1 well.
  • The company recommenced drilling after repairing the Rig 202 Top Drive System control module.
  • The Mukuyu-1 well sits within the SG 4571 licence in Zimbabwe’s Cabora Bassa Basin.

ASX-listed Invictus Energy Limited (ASX:IVZ) has provided an update on sidetrack drilling being undertaken at the Mukuyu-1 well.

The well lies in SG 4571 licence in one of the last untested large frontier rift basins in onshore Africa, the Cabora Bassa Basin in Zimbabwe.

Invictus, an independent upstream oil & gas exploration company, holds an 80% stake in the SG 4571 licence comprising the world-class Mukuyu (Muzarabani) prospect. As per Invictus, the prospect is independently estimated to contain 20 trillion cubic feet and 845 million barrels of conventional gas condensate (gross mean unrisked basis).

Mukuyu-1 sidetrack drilling operations

Invictus commenced the drilling to initiate Mukuyu-1 ST1 (sidetrack) well after successfully plugging the well back to the 9⅝” casing shoe (at approximately 2,020m measured depth).

The company faced troubles with the drilling operations, which included:

  • Delay due to the failure of a mud motor and loss of drilling nozzles which led to two unscheduled change-outs.
  • The failure of the Top Drive System’s (TDS) control module.

Nevertheless, Invictus has recommenced the drilling operations for Mukuyu-1 ST1.

Additionally, the company is displacing the mud system for the planned lighter-weight (less dense) drilling mud in preparation for drilling ahead.

The company expects to complete the operations in approximately 10 days.

Invictus’ Managing Director, Scott Macmillan, said:

(Source: © 2022 Kalkine Media® | Data Source: Company update, 9 December 2022) 

Share price: IVX shares traded at AU$0.277 midday on 9 December 2022.



The content, including but not limited to any articles, news, quotes, information, data, text, reports, ratings, opinions, images, photos, graphics, graphs, charts, animations and video (Content) is a service of Kalkine Media Pty Ltd (Kalkine Media, we or us), ACN 629 651 672 and is available for personal and non-commercial use only. The principal purpose of the Content is to educate and inform. The Content does not contain or imply any recommendation or opinion intended to influence your financial decisions and must not be relied upon by you as such. Some of the Content on this website may be sponsored/non-sponsored, as applicable, but is NOT a solicitation or recommendation to buy, sell or hold the stocks of the company(s) or engage in any investment activity under discussion. Kalkine Media is neither licensed nor qualified to provide investment advice through this platform. Users should make their own enquiries about any investments and Kalkine Media strongly suggests the users to seek advice from a financial adviser, stockbroker or other professional (including taxation and legal advice), as necessary. Kalkine Media hereby disclaims any and all the liabilities to any user for any direct, indirect, implied, punitive, special, incidental or other consequential damages arising from any use of the Content on this website, which is provided without warranties. The views expressed in the Content by the guests, if any, are their own and do not necessarily represent the views or opinions of Kalkine Media. Some of the images/music that may be used on this website are copyright to their respective owner(s). Kalkine Media does not claim ownership of any of the pictures displayed/music used on this website unless stated otherwise. The images/music that may be used on this website are taken from various sources on the internet, including paid subscriptions or are believed to be in public domain. We have used reasonable efforts to accredit the source wherever it was indicated as or found to be necessary.

Featured Articles

We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it. OK