Highlights

• Interpretation of new 2D seismic data completed and prospect evaluation underway for eastern exploration licence areas
• Multiple prospects have been identified in the Dande Formation with seismic amplitude characteristics suggestive of reservoired hydrocarbons
• Potential for single large accumulation based on amplitude response 
• Mapping of deeper horizons in progress to assist with selection of exploration well locations

Invictus Energy today provides an update on the interpretation of new Cabora Bassa 2023 2D Infill Seismic Survey (“CB23 survey”) results from its 80% owned and operated Cabora Bassa Project in Zimbabwe.

Multiple amplitude-supported prospects identified in Dande Formation 

Since receiving all the final data processing deliverables from the seismic processing contractor, Invictus has been interpreting newly acquired seismic data of the CB23 survey.

The interpretation is largely complete and multiple seismic amplitude-supported prospects in the Dande Formation have been mapped. Whilst mapped as individual prospects, the amplitude responses across the three structures could be interpreted as being part of a single, large accumulation. 

Further work is underway to mature the Musuma, Mopane and Mururo prospects to drill-ready for a future exploration drilling campaign.

Invictus Energy Managing Director Scott Macmillan commented: 
“Newly mapped amplitude-supported prospects in the Dande Formation that have been revealed through the CB23 Seismic Survey we acquired last year are very exciting. 

“The fact we see the seismic amplitude response across the Musuma, Mopane and Mururo prospects in the south-east of our exploration licence area is extremely encouraging, and could ultimately be part of a single, large hydrocarbon accumulation.

“The Dande Formation targets are relatively shallow (sub-1,200m) and can be tested with a simple low-cost vertical well. 

“The Company continues to evaluate the CB23 survey data and these exciting new prospects alongside others in the portfolio, including the untested Basin Margin play, to mature them to drill-ready for an upcoming exploration drilling campaign.”

KeyFacts Energy: Invictus Energy Zimbabwe country profile