Drilling problems have defeated Invictus Energy, for now, with the company bringing its first exploration well to a close. While pressure has proved to be a challenge, there have been encouraging results. The company began drilling the Mukuyu-1 well, in Zimbabwe’s Cabora Bassa Basin, in late September. By mid-November, Invictus was reporting positive results. The well found…
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Invictus Energy has provided an update on the Mukuyu-1 well that is currently being drilled in its 80% owned SG 4571 licence in Zimbabwe’s Cabora Bassa Basin. The Exalo Rig 202 contract has been extended for 12 months to remain in the Cabora Bassa Basin and will recommence drilling at either Mukuyu-2 or Baobab-1 in 2023.
Helium One loss widens; confident in potential asset amid low supply lse.co.uk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from lse.co.uk Daily Mail and Mail on Sunday newspapers.
Helium One Global Ltd (AIM:HE1, OTCQB:HLOGF) said it has changed rig supplier after legal complications, but still is targeting a spud date at the Rukwa.