Muzarabani oil, gas project seismic survey data processing complete

AUSTRALIA Stock Exchange-listed Invictus Energy Limited, has completed data processing of the
2021 seismic survey for the Muzarabani oil and gas project as well as the concurrent reprocessing
of a legacy Mobil dataset.

Invictus, which is developing the Cabora Bassa oil and gas project in Muzarabani, Mashonaland
Central province, is reprocessing data from an initial seismic survey that was done in the 1990s by
Mobil, a France-headquartered company.

Despite undertaking the initial seismic survey in the Cabora Bassa area, Mobil decided not to
follow it up and thus Invictus, using more modern data processing techniques, reprocessed the
data gathered and found strong evidence that the underlying geological structures had the domes
and traps that could indicate oil and gas in Muzarabani.

In oil and gas exploration, seismic survey refers to the process of using high-tech equipment to
listen to underground vibrations in order to determine the existence of hydro-carbons.

“Data processing of the 2021 Cabora Bassa 2D Seismic Survey (CB21 survey) and concurrent
reprocessing of a legacy Mobil dataset has largely been completed by onshore high-resolution data
specialists Earth Signal Processing in Calgary, Canada.

“All key products have been received by Invictus and seismic interpretation is progressing well,” it
said.

The acquisition and data processing of the CB21 survey, along with the reprocessing of 1990 Mobil
survey data has achieved the objectives of providing a high quality, comprehensive 2D data set
which is contractor-consistent and process-consistent.

The parameters employed for the acquisition of the CB21 survey, along with modern data processing technology have significantly elevated the data quality to a high standard.

“As the interpretation is progressing, multiple anomalies have been noted in the basin’s seismic
data.

“These can often be indicators for the presence of hydrocarbons. Examples of these are provided in
the images overpage.

“These anomalies will be investigated with additional data processing products produced by Earth
Signal Processing.

“Their geophysical signature, as well as trapping geometry and position (structurally and stratigraphically) will then be evaluated,” said Invictus.

It is hoped that this would allow the anomalies to be assessed and ranked to ascertain the likelihood of viable hydrocarbons within a definable trap.

Invictus managing director Mr Scott Macmillan commented: “The maiden drilling programme to
test the world-class Muzarabani prospect is coming together well.

“We are pleased to have secured Exalo’s rig 202 as well as well services with Baker Hughes and
long-lead items.

“The final seismic data has provided evidence of multiple trapping geometries and a target rich
environment for the upcoming drilling programme.”

The drilling campaign is scheduled to commence in June this year and Invictus is working towards
a two-well programme.

“The Company is maturing additional potential within our acreage and continuing to build on our
significant prospective resource inventory,” he said. — The Chronicle