Invictus Energy Limited provided an update on the Mukuyu-1 sidetrack well that is currently being drilled in its 80% owned SG 4571 licence in Zimbabwe's Cabora Bassa Basin. Since the last update, drilling of the sidetrack well recommenced in the 8½" hole section and the well reached 3,603 metres Measured Depth ("mMD") where the Total Depth ("TD") was called. Elevated mud gas peaks have been observed with marked increases from C1 to C5 compounds (methane, ethane, propane, butanes and pentanes) consistent with the Mukuyu-1 original wellbore.

Multiple additional zones with elevated mud gas and fluorescence were also encountered throughout the intersected Upper Angwa reservoir intervals which also have associated drilling breaks. Increased background gas with heavier hydrocarbon components have also been observed, including the presence of asphaltene and bitumen in some cuttings samples which indicates the presence of liquid hydrocarbons in the Mukuyu structure and Cabora Bassa Basin. All zones of interest will be comprehensively evaluated through a planned wireline logging programme which allow for the identification of any potential hydrocarbon pay.