Invictus Energy has contracted a 2D seismic survey as part of the Phase 2 exploration campaign in the Cabora Bassa Basin. The survey aims to mature several leads identified within the acreage to drillable prospects, building on the success of the Mukuyu-1 well, which confirmed a working hydrocarbon system and the presence of light oil, gas-condensate, and helium in the basin. Preparations are also underway for the Mukuyu-2 appraisal well, targeting multiple hydrocarbon intervals encountered in Mukuyu-1 and aiming to confirm a commercial discovery. The company's mudgas analysis revealed the presence of helium gas of ~0.1%, which it claimed to be a commercial concentration. However, we see this level of helium to be marginal at best, especially in a remote and politically risky region.
top of page
Search
Recent Posts
See All45-8 Energy launched an exploration programme in Western Pomerania, Germany, using seismic imaging to assess helium deposits identified...
Gold Hydrogen received a A$6.45mm R&D tax refund, boosting its cash reserves to ~A$13.45mm, positioning it well for its 2025 drilling and...
bottom of page