May 2023: Invictus Energy (operator, 80%) reports light oil, gas/condensate and helium have been discovered at the Mukuyu-1 well Cabora Bassa Project in multiple sandstone Upper Angwa reservoirs. Mukuyu-2 will be drilled in Q3 this year.
Sep 2022: Invictus Energy announced drilling at the Mukuyu-1 exploration well in SG 4571 has commenced targeting stacked Triassic sandstones. with a combined prospective resource potential of 566 bcm of gas and 845 mm bbls of condensate. It will be followed by the Baobab-1 well along the basin margin in the EPO 1849 block, targeting stacked Cretaceous sandstones.
Feb 2022: Invictus Energy (operator, 80%) provided an update on the Cabora Bassa Project. The spud date for the 1st well is now anticipated in June and the commitment date for the 2nd well has been extended while Invictus progresses negotiations on a licence area extension. The Project encompasses a potential 232 BCM, liquids-rich gas-condensate target mapped by Mobil in the early 1990s. Infill seismic is also planned.
Dec 2021: Invictus (operator, 75%) executed a farm-in option agreement in the Cabora Bassa Project (SG 4571) with Cluff Energy (25%) including a 2-well exploration campaign commencing with Muzarabani-1. Cabora Bassa encompasses Muzarabani, a large conventional gas-condensate target. It was defined by geophysical data acquired by Mobil in the early 1990s.
Feb 2021: Invictus Energy has received a non-binding offer for farm-in to the Cabora Bassa Project and hopes to proceed with the first seismic acquisition in the country for 30 years in 2021 followed by a drilling campaign to test the potential of the basin, including the Mzarabani Prospect, a conventional gas-condensate target defined by data acquired by Mobil in the early 1990s.
No significant news in 2020.
Jul 2019: Invictus Energy (operator, 80%) announced that the independent Getech Group have estimated substantial gas and condensate resource potential at the Cabora Bassa Project in SG 4571, especially in the Mzarabani Prospect. A farmout process is underway.
Apr 2019: Invictus Energy received processed seismic data for its Cabora Bassa Project to better image the Mzarabani structure and the basin margin fault within the SG 4571 permit. The Cabora Bassa Project encompasses the Mzarabani gas/condensate prospect.
Apr 2018: Interpose Holdings (formerly Sunbird) announced that it will acquire an 80% interest and operatorship of the SG4571 Permit overlying the Cabora Bassa Basin via the acquisition of Invictus Energy Resources. The Permit contains the Mzarabani gas and condensate prospect which may be the largest, seismically defined (by Mobil in the early 1990s), undrilled rift structure in Africa.