Business Reporter
INVICTUS Energy Limited has announced a major breakthrough of gas discovery in Muzarabani.
In an update Thursday, the company said four hydrocarbon samples recovered to surface from two zones in Upper Angwa.
The First Triassic aged hydrocarbon discovery in Sub Saharan Africa, with significant additional appraisal and exploration upside from Invictus’ acreage position
The company said Mukuyu-2 sidetrack drilling is set to continue through Lower Angwa hydrocarbon bearing zones to planned TD ~3,400m and complete further evaluation and sampling on the back of an Investor briefing being held convened to discuss preliminary results.
The firm’s managing director, Scott MacMillan expressed delight over the latest discovery underscoring the development is a major breakthrough in the region.
“We are delighted to declare a gas discovery from the Mukuyu-2 sidetrack well in the Upper Angwa formation. The discovery represents one of the most significant developments in the onshore Southern Africa oil and gas industry for decades.
“I’m extremely proud to be involved with the Invictus team and our partners in opening up one of the last untested rift basins. The perseverance and hard work by of our dedicated team has paid off,” he said.
He said the company has delivered an exceptional result from the first two wells drilled in Mukuyu, which provides us with significant running room in our large portfolio of prospects and leads for further discoveries in our acreage in the Cabora Bassa basin.
“The Mukuyu-2 discovery, 7km away and 450 meters updip of the Mukuyu-1 well, which can subsequently be classified as a discovery, provides confirmation of the large potential of the Mukuyu field which has a structural closure of over 200km2 .
“With additional hydrocarbon bearing reservoirs ahead, the focus now is to complete the drilling and evaluation program and obtain further wireline data including fluid samples to declare an additional discovery from the Lower Angwa formation,” added MacMillan.
