The Company has encountered some minor delays in preparation for, and whilst drilling the 12¼” hole section due to rig maintenance and failures of measuring while drilling (MWD) evaluation tools.
The Company first became aware of the minor delays during the week ended 14 October 2022, these minor delays are often encountered during normal oilfield drilling operations.
As announced on 26 September 2022, Mukuyu-1 is expected to take 50 – 60 days to complete and there is no update to the guidance at this point.
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Maiden Oil & Gas Well in Zimbabwe and on 5 October 2022 Mukuyu-1 Drilling Update the market may have anticipated further update and may be speculating on likelihood of success or failure on our initial target in the Mukuyu-1. Invictus confirms it has no results analysed or available for release in relation to the Company’s initial targets.
