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Wednesday, January 5, 2022
Invictus Energy announced it has made further progress on its planned drilling program on its 80% owned and operated Cabora Bassa Project in Zimbabwe. Invictus has confirmed that it has secured the necessary casing, wellheads and ancillary long lead items for a 2-well drilling program commencing in May 2022.
The company has completed an extensive tendering exercise for integrated well services contract including cementing, directional drilling, logging while drilling, drilling fluids and wireline services for the upcoming drilling campaign. The formal award of the contract is expected shortly.
Invictus Managing Director Scott Macmillan commented: “We are very pleased with the way the drilling program is coming together with Invictus securing the wellheads and casing long lead items for a high impact 2-well drilling program. We are now finalizing the well services contract award and working to execute the binding rig agreement with Exalo for the #202 drilling rig. Invictus remains on track for the upcoming drilling campaign to commence in May 2022. We are planning for a successful drilling campaign, which if transpires will be a transformational event for both Invictus and Zimbabwe.”
The Cabora Bassa Project encompasses the Muzarabani Prospect, an 8.2 Tcf and liquids rich conventional gas-condensate target, which is potentially the largest, undrilled seismically defined structure onshore Africa. The prospect is defined by a robust dataset acquired by Mobil in the early 1990s that includes seismic, gravity, aeromagnetic and geochemical data. The Company is advancing the current exploration program with the acquisition of infill seismic data for a planned H1 2022 basin opening drilling campaign.
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