The latest video from the Mukuyu-1 well site

We recently noticed the following video from our 2020 Energy Pick Of The Year Invictus Energy (ASX: IVZ) with an update on the mobilisation of the Exalo 202 drill rig ahead of its maiden drilling program expected in August.

Below is a link to that video.

IVZ is gearing up to drill its elephant scale prospect in Zimbabwe with the potential to open up an entirely new oil and gas basin in the country.

After recently having its environmental impact assessment renewal approved, IVZ is cleared to drill the Mukuyu-1 well from a permitting perspective. Drilling is expected to commence this month, and a new discovery here could be a game changer for IVZ, Zimbabwe and the Southern Africa energy markets.

The first well will target a giant prospective resource totalling 20 trillion cubic feet (Tcf) and 845 million barrels of gas condensate — a gross mean unrisked prospective resource of ~4.3 billion barrels of oil equivalent over seven different stacked targets.