Invictus Energy has provided an update on the activities of its 80 per cent owned and operated CaboraBassa project in Zimbabwe.

Data processing of the 2021 CaboraBassa 2D Seismic Survey (“CB21 survey”) and concurrent reprocessing of a legacy Mobil dataset has largely been completed by onshore high resolution data specialists Earth Signal Processing in Calgary, Canada. All key products have been received by Invictus and seismic interpretation is progressing well.

The acquisition and data processing of the CB21 survey, along with the reprocessing of 1990 Mobil survey data has achieved the objectives of providing a high quality, comprehensive 2D data set which is contractor-consistent and process-consistent.

The parameters employed for the acquisition of the CB21 survey, along with modern data processing technology have significantly elevated the data quality to a high standard.

As the interpretation is progressing, multiple anomalies have been noted in the basin’s seismic data.

These can often be indicators for the presence of hydrocarbons.

Invictus Managing Director Scott Macmillan commented:
“The maiden drilling program to test the world-class Muzarabani prospect is coming together well.

“We are pleased to have secured Exalo’s rig 202 as well as well services with Baker Hughes and long-lead items.

“The final seismic data has provided evidence of multiple trapping geometries and a target rich environment for the upcoming drilling program.

“The drilling campaign is scheduled to commence in June 2022 and we are working towards a two-well program. “The Company is maturing additional potential within our acreage and continuing to build on our significant prospective resource inventory.”