Additional gas discovery in Muzarabani
Australia Stock Exchange listed oil and gas exploration junior Invictus Energy Limited has discovered additional gas in the Lower Angwa formation in Mukuyu-2 exploration well sidetrack. This follows another discovery in the upper Angwa formation, company CEO and Managing Director Scott MacMillan said.
Rudairo Mapuranga
According to MacMillan the discovery of gas in both upper and lower Angwa greatly expands the resource in Mukuyu/Muzarabani gas field.
He said the discoveries which were drilled 7 km and 450m deep confirm the incredible potential of the Mukuyu field, which has a structural closure of over 200km2.
MacMillan said Invictus’ focus now turns to completing the remaining wireline logging and well suspension operations safely.
“We are delighted to declare an additional gas discovery from the Mukuyu-2 sidetrack well in the Lower Angwa formation.
“The discovery of gas in both the Upper and Lower Angwa greatly expands the resource in the Mukuyu gas field and marks another significant milestone for Invictus.
“The Mukuyu-2 discoveries were drilled 7 kilometres away and 450 metres updip of the Mukuyu-1 discovery well which, confirms the incredible potential of the Mukuyu field, which has a structural closure of over 200km2.
“This also provides the Company with substantial running room for identifying further potential discoveries within our commanding 360,000-hectare acreage in the Cabora Bassa Basin. “Our team has worked incredibly hard over this drilling campaign, and we are thankful to everyone involved in delivering not one, but two discoveries at Mukuyu-2.
“Our focus now turns to completing the remaining wireline logging and well suspension operations safely.
“Following the conclusion of these current operations the team will begin preparing for a new round of activities including a well test at Mukuyu-2 and further drilling of appraisal wells and/or new exploration prospects across our exciting portfolio with the Rig 202 secured for a further 2 years,” said MacMillan.