Invictus Energy Limited (IVCTF)

[tdbowieknife]

Hydrocarbon gas recovered and evaluation program forward plan.

HIGHLIGHTS
▪ Hydrocarbon gas recovered from Pebbly Arkose downhole sample


▪ Wireline log interpretation identifies multiple hydrocarbon bearing intervals in Upper
and Lower Angwa reservoir sands

▪ Upper Angwa initial fluid sample clean-up shows moveable gas and liquid hydrocarbons
flowing through onboard compositional fluid analyser (CFA)

▪ Vertical sidetrack required to complete wireline and fluid sampling program in Upper
and Lower Angwa targets

▪ Company funded to complete the Mukuyu-2 sidetrack operations

▪ Mukuyu-2 to be preserved for future well test post sidetrack

▪ Shareholder webinar briefing to discuss preliminary results and forward plan

“Further evaluation results continues to reaffirm the presence of moveable hydrocarbons at Mukuyu-2,
evidenced by the recovery of natural gas from the Pebbly Arkose formation and further wireline logging
data interpretations obtained from the Upper and Lower Angwa reservoirs.“Due to compounding sampling challenges, borehole conditions and well control measures the Company, n conjunction with our service providers, have determined a simple vertical sidetrack will provide the strongest opportunity to achieve our remaining Upper and Lower Angwa evaluation objectives. “The Company is currently funded to conduct and evaluate the planned sidetrack operations, with thecompletion allowing the well to be suspended for future flow testing.I thank our shareholders for their patience as we conduct the sidetrack well and finalise the evaluation program, I invite you to attend today’s webinar briefing to discuss the initial results and forward plan."

https://www.invictusenergy.com/wp-content/uploads/2023/11/61181323.pdf


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