Invictus Energy has provided an update on the drilling of the Mukuyu-2 well at its 80% owned and operated Cabora Bassa Project in Zimbabwe
Managing director Scott Macmillan said, '“Further evaluation results continues to reaffirm the presence of moveable hydrocarbons at Mukuyu-2, evidenced by the recovery of natural gas from the Pebbly Arkose formation and further wireline logging data interpretations obtained from the Upper and Lower Angwa reservoirs.
"Due to compounding sampling challenges, borehole conditions and well control measures, the Company, in conjunction with our service providers, have determined a simple vertical sidetrack will provide the strongest opportunity to achieve our remaining Upper and Lower Angwa evaluation objectives.
"The Company is currently funded to conduct and evaluate the planned sidetrack operations, with the completion allowing the well to be suspended for future flow testing.
"I thank our shareholders for their patience as we conduct the sidetrack well and finalise the evaluation programme, I invite you to attend today’s webinar briefing to discuss the initial results and forward plan."