Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
The Mukuyu-1 wellpad has been completed and handed over from the civils contractors.
The full rig arrival has been held up due to customs clearance delays in both Tanzania and Mozambique enroute to Zimbabwe, with drilling now expected to commence in August. Exalo will commence rig up and then perform some additional maintenance work prior to the commencement of drilling the Mukuyu-1 well.
Mukuyu-1 will be drilled as a deviated well to test multiple stacked targets within the greater Mukuyu structure from the 200 to 650 horizon ..
Exactly. I am getting RECAF vibes here.......that went to 50 cents 3 dollars and then eventually 9 plus dollars. If this does anything remotely close to that move, I will be ecstatic. I think it's only up from here though regardless.
Invictus is opening one of the last untested large frontier rift basins in onshore Africa - the Cabora Bassa Basin – in northern Zimbabwe. The first high impact well, Mukuyu-1, scheduled to spud in August will test 20 trillion cubic feet + 845 million barrels of conventional gas-condensate (~4,3 billion barrels of oil equivalent on a gross mean unrisked basis#) through 8 stacked targets in the Mukuyu prospect.