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Monday, August 7, 2023
Invictus Energy has completed the CB23 2D seismic program in EPO 1848 & EPO 1849 at the company’s Cabora Bassa Project in northern Zimbabwe, with initial field processing of the data demonstrating structural closure at multiple target intervals.
A total of 425km of high quality 2D seismic data were acquired which will provide enhanced coverage of prospects and leads identified in the eastern areas of Invictus’ Cabora Bassa basin acreage. The program is a key part of the Company’s Phase 2 exploration, set to mature several leads on trend with Mukuyu as future drilling candidates.
The seismic data being is transferred to Earth Signal Processing Ltd for processing. The successful program has been carried out by Polaris Natural Resource Development Ltd, generating over 100 direct jobs during the campaign, additionally supporting local communities through procured goods and services.
Managing Director Scott Macmillan commented: “The new data will provide additional coverage of several exciting leads in the east of the basin that were identified on our CB21 and legacy Mobil datasets.
“Initial field processing of the seismic data demonstrates structural closure at multiple target intervals across a number of leads in the Central Fairway and Basin Margin play. “Following the full processing and interpretation of the new data we are aiming to mature those leads and add to our material prospect portfolio as candidates for future exploration drilling.
“We are extremely pleased with the performance of Polaris and the local field crew who have delivered a high-quality project on time and on budget with excellent health and safety performance and no lost time incidents.
“The successful completion of our second survey in the basin marks a significant milestone for Invictus and we are proud of how we have engaged and involved the local communities and stakeholders which provided over 100 jobs in the delivery of the program.
“With our preparations for the drilling of Mukuyu-2 this quarter well underway these are exciting times for the company.”
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