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Tuesday, August 31, 2021
Invictus Energy has provided an update on the activities of its 80% owned and operated Cabora Bassa Project in Zimbabwe, including its imminent seismic campaign. The preparations for the seismic data acquisition have progressed with 400 km of line clearance completed ahead of the commencement of data acquisition. The maintenance and checks have been completed on the vibroseis units and mobilization to the field camp in Muzarabani is commencing.
Data recording is scheduled to commence in the first week of September with the shooting of an initial test line to determine the optimum data acquisition parameters to suit the objectives of the program. By utilizing the latest generation STRYDE wireless nodes which are less than 25% of the weight of comparable systems makes the laying out and retrieving of the wireless nodes significantly easier and cheaper and thus the survey can utilize a swath shot methodology. This shooting methodology will in essence allow the Company to double the seismic data coverage by providing an effective line spacing of 800-900m and provide a high-resolution subsurface dataset at minimal incremental cost.
The use of the STRYDE nodal system also results in a lower environmental footprint as a result in the reduction of vehicles and personnel required to deploy the nodal system compared to cable system.
The company also announced that the seismic data processing contract has been awarded to Earth Signal Processing Ltd who are based in Canada following a competitive tender process. Earth Signal are onshore seismic and high resolution 2D data processing specialists and have worked extensively with our seismic contractor Polaris and onshore Africa.
Invictus Managing Director Scott Macmillan commented: “The Company is pleased to be commencing the seismic data acquisition in the coming days and the preparation for this campaign has gone well and all the equipment and personnel heading to the field. We are extremely pleased with the performance of Polaris and the local field crew who have completed 400km line clearing ahead the data acquisition which will ensure that the campaign is completed seamlessly.
“We are also very pleased to launch the next phase of our CSR program in the Muzarabani and Mbire Districts focusing on the provision of water to the community as part of our ESG commitments under our exploration program. This is especially important for women and children in the community who will be freed up from pumping water and provide them with more time for education and other positive activities.
“The preparations for the basin opening drilling campaign are progressing well and we are on track to select a rig and the service providers towards the end of this quarter and then commence formal contract negotiations and award.”
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