Gas Exploration Company Invictus Energy Reports Eight New Prospects
Australia Stock Exchange-listed oil and gas exploration junior, Invictus Energy Limited, has identified significant multi-Tcf (trillion cubic feet) gas prospects in the Eastern Cabora Bassa Basin in Zimbabwe, following the interpretation of its CB23 Seismic Survey.
By Rudairo Mapuranga
The company has defined eight key prospects within its Exclusive Prospecting Orders (EPOs) 1848 and 1849, which collectively estimate 2.9 Tcf of gas and 184 million barrels of condensate on a gross mean unrisked basis.
According to Invictus, the upcoming exploration campaign will initially target the Musuma prospect, which alone is estimated to contain 1.17 Tcf of gas and 73 million barrels of condensate.
The eight prospects are as follows:
- Musuma Prospect: The top candidate for the company’s 2025 exploration drilling campaign, Musuma is estimated to contain 1.17 Tcf of gas and 73 million barrels of condensate. It is a crucial focus for Invictus’ efforts to unlock the potential of the Eastern Cabora Bassa Basin.
- Mopane Prospect: Estimated to hold 650 billion cubic feet (Bcf) of gas and 45 million barrels of condensate. Its proximity to Musuma makes it a potential follow-up target should the Musuma exploration prove successful.
- Mururo Prospect: Estimated to contain 580 Bcf of gas and 36 million barrels of condensate. Like Mopane, it is closely associated with the Dande play and may also be tested in future drilling campaigns.
- Kavimba Prospect: Holding an estimated 500 Bcf of gas and 30 million barrels of condensate, Kavimba adds further depth to the portfolio of high-potential targets in the basin.
- Samkange Prospect: Estimated to contain 350 Bcf of gas and 20 million barrels of condensate, Samkange presents another significant opportunity for resource development in the region.
- Makore Prospect: With an estimated 150 Bcf of gas and 10 million barrels of condensate, Makore is among the smaller prospects but still contributes to the overall potential of the basin.
- Tengenenge Prospect: Estimated to hold 100 Bcf of gas and 7 million barrels of condensate, Tengenenge is one of the lesser-known prospects, yet still vital in the broader exploration strategy.
- Gwebi Prospect: With an estimated 100 Bcf of gas and 3 million barrels of condensate, Gwebi represents a smaller but still significant target for exploration.
Invictus’ Managing Director, Scott Macmillan, highlighted the exploration potential, emphasizing that success at these prospects would add significant value to the company’s portfolio and align with its early gas monetization strategy.
“We’re extremely pleased with the results from the CB23 seismic survey, which has identified material prospectivity in the eastern portion of our acreage. Exploration success at these prospects would prove up a further material play within Invictus’ acreage,” said Macmillan. “This would also assist with unlocking additional significant value in the portfolio and ultimately aligns with the Company’s early gas monetization strategy. We have identified some high-confidence drill targets for the Company’s next exploration campaign, and I look forward to providing further updates as we progress the Mukuyu gas field testing and appraisal, farm-out, and the wider Cabora Bassa exploration program.”