New report highlights multiple targets for Invictus

By Trevor Hoey. Published at Jul 1, 2019, in Mining

Invictus Energy Limited (ASX:IVZ) has released highly promising results from an Independent Report completed by Getech Group plc estimating substantial resource potential at its Cabora Bassa Project, located in the company’s 80% owned and operated SG 4571 Permit in Zimbabwe.

The Mzarabani Prospect has grown significantly in its scale and represents one of the largest conventional exploration targets globally.

The Independent Report by Getech has estimated the net mean recoverable conventional potential of the massive stacked Mzarabani prospect of 1.3 billion boe (barrels of oil equivalent) consisting of 6.5 Tcf (trillion cubic feet) and 200 million barrels of condensate net to Invictus.

The estimate for the primary Upper Angwa target within the Mzarabani Prospect has increased to 4.4 Tcf + 187 million barrels of conventional gas-condensate on a gross mean unrisked basis.

In addition, the newly identified Msasa Prospect, a new substantial structural prospect within SG 4571 which is also a stacked anticline feature, is estimated to contain 1.05 Tcf and 44 million barrels of conventional gas-condensate on a total gross mean unrisked basis.

The following provides a snapshot of Invictus’ gross unrisked estimated prospective gas and condensate resources, underlining the options open to it in terms of tapping into a variety of high profile exploration targets.

Invictus’ gross unrisked estimated prospective gas and condensate resources.

Recoverable potential of Mzarabani 1.3 billion boe

The updated estimate is the culmination of technical work over the last 12 months.

The substantial work undertaken to integrate the geological and basin modelling studies with the reprocessed and interpreted gravity, magnetic and seismic datasets has enabled Invictus to characterise the subsurface in more detail and identify and quantify the additional prospectivity.

The updated SG 4571 prospects and leads map.

This development has not only materially enhanced the value of the company’s acreage, but it has also de-risked it, an important aspect in terms of negotiating farmout agreements, attracting joint venture partners and raising capital.

Invictus’ understanding of the petroleum system in the Cabora Bassa Basin has been significantly enhanced as it has worked through new and improved data in recent months.

Appointment of farmout adviser

Invictus has engaged UK based ENVOI, a leading Acquisition and Divestiture adviser for the international upstream oil and gas industry, to run the farmout process for SG 4571.

The company has received significant industry interest ahead of the data room opening and is currently executing confidentiality agreements with several parties.

On the permitting front, Invictus has engaged the Scientific and Industrial Research and Development Centre (SIRDC) to conduct an Environmental Impact Assessment (EIA) of SG 4571.

The commencement of the EIA aims to ensure all necessary pre-drilling permits and activities are completed well ahead of schedule.

SIRDC has experience in carrying out EIAs of developmental projects in fields such as agriculture, mining, energy generation and construction projects.

View Our Investment Portfolios

S3 Consortium Pty Ltd (CAR No.433913) is a corporate authorised representative of LeMessurier Securities Pty Ltd (AFSL No. 296877). The information contained in this article is general information only. Any advice is general advice only. Neither your personal objectives, financial situation nor needs have been taken into consideration. Accordingly you should consider how appropriate the advice (if any) is to those objectives, financial situation and needs, before acting on the advice.

Conflict of Interest Notice

S3 Consortium Pty Ltd does and seeks to do business with companies featured in its articles. As a result, investors should be aware that the Firm may have a conflict of interest that could affect the objectivity of this article. Investors should consider this article as only a single factor in making any investment decision. The publishers of this article also wish to disclose that they may hold this stock in their portfolios and that any decision to purchase this stock should be done so after the purchaser has made their own inquires as to the validity of any information in this article.

Publishers Notice

The information contained in this article is current at the finalised date. The information contained in this article is based on sources reasonably considered to be reliable by S3 Consortium Pty Ltd, and available in the public domain. No “insider information” is ever sourced, disclosed or used by S3 Consortium.

Australian ASX Small Cap stocks | Why is Australia’s leading small cap publication

Founded seven years ago, is Australia’s leading and longest standing website for investor and finance news, education and expert opinion.

Published by StocksDigital, Finfeed was created to report daily on the comings and goings of ASX listed stocks in the small cap market.

As the first digital publication dedicated specifically to this space, Finfeed soon became the most trusted publication in the market, quickly garnering over two million page views – a number that continues to rise. provides its readers with informative articles that tackle the latest in market moving #ASX small cap news, plus exclusive content you won’t find anywhere else. It is aimed at those with an interest in investing, market education, company performance, start-ups and much more. is the only media organisation operating under the strength of a Financial Services License and is backed by leading journalists and analysts all with brands of their own.

The website aims to inform, educate and entertain with content that drills down into the heart of financial matters.

Finfeed is a leading source of investor and market information, with everything investors need to know about how to invest written in a way that anyone can understand. 

Over the years, the website has expanded beyond exclusively reporting on small caps, to profile Australia’s leading ASX listed small, mid and large caps as well as some of the country’s most successful CEOs and business leaders to find out what makes them tick.

Every day you will find fresh content covering:

Fast Facts

Over 4,000 articles published

Over 2.3 Million Page Views and counting

Over 10,000 followers on social media

Subscriber list growing by 2% monthly

Thanks for subscribing!