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Invictus Energy Begins Phase-2 at Cabora Bassa Project in Zimbabwe

Invictus Energy progressed with Phase 2 exploration on its Cabora Bassa Project in Zimbabwe, with line clearing operations commencing for the CB23 seismic campaign. The seismic campaign aims to identify drill-ready prospects and build upon the success of the previous campaign at Mukuyu-1/ST1, which confirmed the presence of light oil, gas, and helium in the basin. The company remains on schedule to spud the Mukuyu-2 appraisal well in Q3'23, with the goal of confirming a commercial discovery and paving the way for development.

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