Invictus Energy Limited (IVCTF): The news: Mukuyu Prospective Resour...

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Re: cheusmann post# 14

Monday, 07/04/2022 7:25:25 PM

Monday, July 04, 2022 7:25:25 PM

The news:

Mukuyu Prospective Resource Upgrade to 20 Tcf + 845 million barrels

https://www.invictusenergy.com/wp-content/uploads/2022/07/61098326.pdf

Was 8.2 Tcf + 247 MMbbls (excluding New 200 Horizon)

Mukuyu-1 wellpad completed & drilling schedule update

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
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