(WO) – Invictus Energy’ Managing Director Scott Macmillan said, “We are extremely pleased with the results from the additional downhole reservoir fluid sample analysis which confirms a substantial rich gas-condensate discovery at Mukuyu and set up the company for continued success in Mukuyu and the Upper and Lower Angwa geological trend.
“The samples demonstrate a consistent, high-quality natural gas composition, with low inert content, less than 2% CO2 and nil H2S, which will require minimal processing for sale.
“In addition to gas-condensate proven in the Upper and Lower Angwa formations, we have further evidence of the presence of light oil in the Upper Angwa and potentially Dande formation from multiple hydrocarbon source rocks and charge events.
Additional Mukuyu-2 downhole sample analysis confirms rich gas-condensate discovery and light oil charge presence
Following the two gas discoveries from the Upper and Lower Angwa reservoirs in the recently completed Mukuyu-2 / ST1 drilling campaign and the compositional analysis from fast-tracked downhole reservoir fluid samples, the analysis of additional downhole fluid samples has confirmed a rich gas-condensate discovery in Mukuyu and presence of light oil.
The compositional analysis confirms high quality natural gas containing minimal impurities (less than 2% CO2 and nil H2S) which will require minimal processing to prepare for sale to customers.
Condensate gas ratios (CGR) are estimated between 10-25 bbl/MMcfg across the Mukuyu-2 samples with a lab estimated condensate API gravity of 50-60° (Fig. 1).
The compositional analysis of the flashed liquid component (condensate/light oil) from the shallowest fluid samples in the Upper Angwa shows evidence of biodegradation of a previous early light oil charge which likely occurred when the Mukuyu structure was uplifted to a shallower depth at the Mukuyu-2 location enabling biodegradation of the oil in the reservoir, before subsequent reburial to its present depth with a later gas-condensate charge.
Additional geochemistry analysis is being performed on these reservoir samples to confirm this, and assess the likelihood of liquids remigration and accumulation in other parts of the structure, including into the shallower sequences.
The results confirm the potential for light oil from more oil-prone source rock in Mukuyu , which may be retained in structural locations within the oil window in the Upper Angwa (as per Mukuyu-1 interpretation) or may have migrated to shallower formations such as the Dande.
Mukuyu-2 / ST-1 mudgas depth vs. wetness ratio shows general trend of increasing wetness (more liquid hydrocarbons) into Upper Angwa and then increasing dryness with depth into Lower Angwa
Preliminary analysis of the mudgas isotopes in the Dande formation suggests a biogenic gas component . Additional analysis of the mudgas and isotope data is ongoing to determine the potential sources of hydrocarbon charge for the Dande formation which will be integrated into the evalutaion of Dande Formation prospects and leads along the southern basin margin and in the east of the area where the recently acquired and processed CB23 2D seismic dataset is providing new insights.
Preliminary results suggest the source of the hydrocarbons recovered from Mukuyu-2 is very similar to the reservoir extract from Mukuyu-1, which indicated both gas and liquid-prone source rocks (coals and interbedded lacustrine sequences) are present over the sizeable fetch area within and beyond the Mukuyu structure.
These results further support the Company’s geological modelling showing multiple hydrocarbon charge events from multiple source rocks with increasing liquid hydrocarbon content south towards Basin Margin and increasing dry gas contribution from a deeper kitchen and higher maturity source rocks to the north of Mukuyu structure.
The presence of migrated hydrocarbons from off-structure is extremely positive for the overall hydrocarbon charge, migration and reservoir connectivity in Mukuyu.
Additional analysis of the reservoir hydrocarbon and source rock samples will provide further insights to hydrocarbon-source rock correlation, and will allow for hydrocarbon charge modelling to the shallow plays in the Pebbly Arkose and Dande formations, calibrated by the mudgas data. These will be evaluated for potential testing elsewhere on the Mukuyu structure and in other prospects within the portfolio.
The results to date provide significant insight into the Cabora Bassa basin geological history and confirmation of the accurate modelling conducted by the Company in the lead up to the Mukuyu discovery.
The results also provide a calibration of the basin model to apply to the prospect and lead portfolio, which the company is currently refreshing in preparation for the selection of future exploration well locations.
