Invictus Energy (ASX:IVZ) - Drilling into Large Gas Basin in Africa
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Show Notes
Interview with Scott Macmillan, MD of Invictus Energy (ASX: IVZ)
Invictus Energy, an independent Australian oil and gas company, is unlocking the potential of Zimbabwe's Cabora Bassa Basin. This largely unexplored interior rift basin is one of Africa's most promising hydrocarbon regions.
With the successful maiden Mukuyu-1/ST1 well, Invictus has validated a working petroleum system. The well encountered 13 potential pay zones, setting the stage for further appraisal.
Mukuyu-2, slated to spud in Q3 2023, will target gas-condensate and light oil in the Upper Angwa and Pebbly Arkose. Additional prospects in the deeper Angwa and untested Post Dande are set to provide further upside.
Supported by these high-impact wells, Invictus is strategically positioned to open up an exciting new energy province. The company offers investors a compelling opportunity to participate in frontier African exploration.