Invictus Energy Limited provided an update on the Mukuyu-1 well that is currently being drilled in its 80% owned SG 4571 licence in Zimbabwe's Cabora Bassa Basin. Since the last update, a wireline evaluation programme was run across the entire current 8½" hole section. Preliminary formation evaluation of the wireline logging data including gamma ray, resistivity, density and neutron tools indicates multiple potential gas bearing zones coincident with intervals that displayed elevated gas shows during drilling.

The log analysis is subject to further calibration using core and fluid samples obtained from the well using a wireline formation testing tool, which is enroute to the well site. The log analysis is ongoing and will be finalised post the wireline formation testing, which will acquire formation pressure and samples from zones of interest. The Exalo Rig 202 is preparing to drill ahead to test the deeper potential of the remaining Upper Angwa and potentially Lower Angwa formations whilst awaiting the arrival of the wireline formation testing tool.

A further wireline logging evaluation suite, including wireline formation testing, will be run to provide detailed geological information and to confirm the presence of moveable hydrocarbons. The remaining drilling and logging operations are anticipated to take a further 5 to 7 days to complete depending on borehole conditions.