Pre-drill vs post-drill risks assessment

Our 2020 Energy Pick of the Year Invictus Energy (ASX: IVZ) just put out an operations update for its Mukuyu-1 sidetrack well in Zimbabwe’s Cabora Bassa Basin.

Included in the announcement was a short pre-drill vs post-drill comparison of the key exploration risks involved in a maiden oil and gas drilling program.

There are five key risks facing oil and gas drilling events that could impact whether a commercial discovery can be made.

Below is IVZ’s pre/post-drill review of these risks and how the company thinks they have been addressed or at least minimised.

The main takeaway for us is that the probability of making a successful discovery should improve significantly going into the company’s next round of drilling.