• Seismic contract for Cabora Bassa Phase 2 exploration campaign awarded to Polaris
• Program to acquire minimum of 400-line km 2D seismic
• Data to be used to mature leads on trend with Mukuyu and in Basin Margin play into drill ready prospects
• Mukuyu-2 appraisal well remains on track to spud in Q3 2023

Invictus Energy provides an update on the activities of its 80% owned and operated Cabora Bassa Project in Zimbabwe.

Comments from Managing Director Scott Macmillan:
“I am pleased to announce Polaris Natural Resource Development Ltd. has been awarded the contract to carry out an infill 2D seismic survey as part of our Phase 2 exploration campaign in Cabora Bassa.

“Polaris carried out the successful CB21 2D seismic survey in 2021, which helped refine the drilling programme for the play opening Mukuyu-1 well that proved a working hydrocarbon system in the Cabora Bassa Basin and the presence of light oil, gas-condensate, and helium.

“The CB21 seismic survey also firmed up the potential for multiple stacked hydrocarbon bearing zones in the Basin Margin play, which has been independently estimated to hold nearly 1.2 billion barrels in prospective oil resources.

“This fresh round of high resolution 2D seismic data is aimed at maturing a number of already identified leads mapped within our Cabora Bassa acreage to drillable prospects, providing further upside potential to our exciting exploration portfolio.

"The leads, mapped on legacy seismic data, demonstrate amplitude support and anomalies consistent with hydrocarbon bearing intervals encountered in Mukuyu-1.

“Preparations also continue to advance for the Mukuyu-2 appraisal well, which will look to build on the success of the Mukuyu-1 well and confirm a commercial discovery.

“I look forward to providing further updates as we continue work to unlock the potential of the Cabora Bassa Basin.”

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