Invictus has wrapped up its 2D seismic program in Zimbabwe with the data already providing insights into the oil and gas potential of the Cabora Bassa Basin.

The company acquired 839km of high resolution 2D seismic data, 402km in its SG 4571 licence and another 437km of contiguous data in an existing application area.

This is well in excess of Invictus Energy’s (ASX:IVZ) minimum work program obligations of 300km of 2D seismic for the current licence period, which runs to June 2024.

“The completion of the CB21 Seismic Survey is a significant milestone for the company in our exploration program in the Cabora Bassa Basin,” managing director Scott Macmillan said.

“The quality of the high-resolution seismic data we have acquired is excellent and provides great insights into the petroleum potential of the basin.”

He added that processing and interpretation of the seismic data is ongoing and is expected to enable the company to identify and mature additional prospects and leads.

“The better imaging over the giant Muzarabani structure is very encouraging and once the interpretation of the full dataset is completed, we expect to refine the location for the basin opening Muzarabani-1 well which is scheduled to be drilled in 1H 2022,” Macmillan explained.

The Muzarabani prospect is considered to be the largest undrilled conventional oil and gas prospect onshore Africa and could host prospective resources of about 9.25 trillion cubic feet of gas and 294 million barrels of condensate.




This article was developed in collaboration with Invictus Energy, a Stockhead advertiser at the time of publishing.


This article does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions.