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The Cabora Bassa Project encompasses the Mukuyu (previously named Muzarabani) prospect, with an independent prospective resource estimate of 20 Tcf and 845 million barrel conventional gas-condensate target (gross mean unrisked basis#). The Mukuyu prospect is an enormous anticline feature mapped on seismic data with over 200km2 under closure and contains multiple prospective horizons.

Mukuyu is one of the largest undrilled conventional global exploration targets with world class scale underpinned by a robust dataset including seismic, gravity, aeromagnetic and geochemical data.

Invictus completed the acquisition of 840 km of high resolution 2D seismic data in November 2021 (CB21 Seismic Survey Documentary) which has revealed new targets within the Mukuyu prospect.

Drilling of the Mukuyu-1 exploration well will commence in September 2022, the first of a 2 well high impact basin opening drilling campaign. Baobab-1 will follow to test the high potential basin margin play which displays similarities to the prolific East Africa Rift “String of Pearls” play.

Our exploration area lies within communal and state land, away from fragile ecosystems, major rivers, National Parks and wildlife.

The Project has a nationally approved, independently conducted Environmental Impact Assessment. This has considered all social and environmental aspects and given us a clear framework to operate.

The Project is fully endorsed by local chiefs & communities. All cultural obligations have been met and will be observed going forward.

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