Invictus Energy Limited · ASX:IVZ
Invictus Energy — Investor Presentation (April 2022)
28 slides from Invictus Energy's investor presentation, April 2022
Slide 1: Invictus Energy Ltd
INVICTUS ENERGY LTD APRIL 2022 ASX:IVZ | OTCQB:IVCTF Scott Macmillan Managing Director
Slide 2: Disclaimer
DISCLAIMER This document is for information purposes only. It is not a prospectus, disclosure document or offering document under Australian law or under any other law and does not constitute an offer or invitation to apply for securities. In particular, this document is not an offer of securities f
Slide 3: Invictus Snapshot
INVICTUS SNAPSHOT SG 4571 ASSET OVERVIEW CORPORATE OVERVIEW MUKUYU (MUZARABANI) PROSPECT IS THE LARGEST UNDRILLED CONVENTIONAL LISTED 2018 BASIN MASTER POSITION OIL & GAS PROSPECT IN ONSHORE AFRICA, DEFINED BY HIGH QUALITY DATA SET 709,300 HECTARE LICENCE AREA1 HQ Perth WA MKT CAP $130.1m MULTIPLE P
Slide 4: Project Overview: Expanded Acreage
PROJECT OVERVIEW EXPANDED ACREAGE Special Grant 4571 Sevenfold increase in licenced area to 709,300ha1, encompassing the whole Cabora Bassa sub-basin play within Zimbabwe’s borders • Under the agreement IVZ will drill two exploration wells: 1) Target 1 – Mukuyu Prospect, within the original licence
Slide 5: Mukuyu Target
MUKUYU TARGET TARGET 1 – MUKUYU1 The first of several high quality well targets Approximate Depth to Top Structure Target Formation • Inheriting active rig and crew, requiring modest mobilisation, with Exalo’s 202 Rig capable of drilling to 5,000m 200 Horizon 850m Post Dande • Well-pad construction
Slide 6: Strategic Milestones
STRATEGIC MILESTONES Invictus has a clear strategic pathway to execute NEAR-TERM STRATEGIC PATHWAY upon in the lead up to the drilling of multiple initial Rig Mobilisation targets Commencement of wellpad construction • Invictus is in the final processes of preparation for drilling on the Gazettal of
Slide 7: Geopolitical Overview
GEOPOLITICAL OVERVIEW New Zimbabwean Government are promoting foreign investment & has implemented investor friendly reforms REGULATORY & LEGAL FRAMEWORK Amended Indigenization PPSA & Empowerment Act Administered by Ministry of 100% foreign ownership of Energy & Power Development assets Production S
Slide 8: SG 4571 Asset Overview
SG 4571 ASSET OVERVIEW Surrounded by several significant Oil & Gas projects & renowned operators, with multiple routes to market across existing infrastructure LOCAL OPERATORS SOUTHERN AFRICAN OIL & GAS ASSETS INFRASTRUCTURE 1 • Twin Harare-Beira liquids pipeline (800km) and GAS 2 connect to ROMPCO
Slide 9: Downstream Markets
DOWNSTREAM MARKETS Multiple large scale power generation, mining, chemical processing & industrial downstream consumers within Southern Africa POWER GENERATION FERTILIZER MINING Gas to Power can be generated locally and excess Zimbabwe and Zambia are large agricultural based Significant number of mi
Slide 10: Southern Africa's Energy Crisis
Southern Africa’s Energy Crisis SOUTHERN AFRICAN ENERGY SUPPLY Legend Increasing shortages of electricity hampering H Hydro Station industry and investment P Pumped Storage Scheme • Southern African Power Pool (‘SAPP’) enables cross-border T Thermal Station electricity trading between states: — 12 m
Slide 11: Board & Management
BOARD & MANAGEMENT A highly experienced Board & Management team with a track record of developing leading Oil & Gas assets Dr. Stuart Lake Joe Mutizwa Scott Macmillan Gabriel Chiappini Barry Meikle Non-Executive Chairman Deputy Chairman Managing Director Non-Executive Director & Co-sec Country Manag
Slide 12: Invictus Investment Opportunity
INVICTUS INVESTMENT OPPORTUNITY First mover advantage with SG Multiple potential farm-in partners Strategically positioned to supply Government providing supportive Highly experienced and equity 4571 exhibiting significant scale currently in due-diligence phase into Southern African market with envi
Slide 13: Appendix
APPENDIX
Slide 14: Corporate Overview
Corporate Overview Strongly aligned Board & Management, with significant equity positions on the IVZ register Invictus Energy Limited (ASX:IVZ) Capital Structure Share Price $0.195 Shares on Issue (m) 667m Market Capitalisation1 $130.1m Options / Performance Rights (m) 99m Enterprise Value (~$7.35m
Slide 15: SG 4571 Asset Overview – Pre CB21 Seismic Survey
SG 4571 Asset Overview – Pre CB21 Seismic Survey Mukuyu (Muzarabani) Prospect – 5 Stacked Targets can be targeted from a single well, 200km2 under closure MUZARABANI – STRUCTURAL 4-WAY DIP CLOSURE Muzarabani N Upper Angwa closure 15km Msasa Dande 0.4 Tcf Forest 1.6 Tcf Line 90MZIH-013 Pebbly Arkose
Slide 16: CB21 Seismic Survey Successfully Completed in Nov'21
CB21 Seismic Survey Successfully Completed in Nov’21 CB21 Survey 840kms 2D seismic acquired to refine Mukuyu-1 well location and mature basin margin play Seismic Program Overview SEISMIC DATA • Mobil seismic acquired at reconnaissance scale to investigate basin structure - 610 line km spaced ~15-20k
Slide 17: SG 4571 Prospect & Leads at 200 Horizon – Two Way Time Structure Map
SG 4571 Prospect & Leads at 200 Horizon – Two Way Time Structure Map Material portfolio of prospect and leads identified through the CB21 Survey TWO WAY TIME STRUCTURE Greater Mukuyu Structure at new 200 Horizon target 17
Slide 18: CB21 Seismic Data Early Look – Direct Hydrocarbon Indicators?
CB21 Seismic Data Early Look – Direct Hydrocarbon Indicators? Potential “Flat Spots” in Mukuyu (Muzarabani) structure which may indicate a hydrocarbon contact LINE CB21-010 PRELIMINARY STACK – UNSCALED VERSION S N Obvious amplitude anomaly against Basin Margin Fault Higher amplitudes within potentia
Slide 19: New Horizon Target in Greater Mukuyu Prospect
New 200 Horizon Target in Greater Mukuyu Prospect Substantial new shallow target identified in Post Dande – matured from previously identified Lead A POST DANDE S CB21-08 N Greater Mukuyu – Horizon 200 15km CB21-08 Potential for greater closure in area of sparse 200 Amplitudes approx. seismic covera
Slide 20: New 200 Horizon Target Showing AVO Conformance to Structure
New 200 Horizon Target Showing AVO Conformance to Structure Anomalous amplitude with fit to structure - potential Direct Hydrocarbon Indicator (DHI) NEW 200 HORIZON TARGET AT MUKUYU PROSPECT A A Greater Mukuyu – Horizon 200 • Anomaly not evident in this 100 msec window section • More intense fault s
Slide 21: Mukuyu-1: Planned Well Trajectory & Primary Targets
Mukuyu-1: Planned Well Trajectory & Primary Targets Deviated well planned to test Mukuyu Prospect (Muzarabani) at multiple target levels Mukuyu-1 Well Trajectory & Primary Targets A: 200 Level (Post Dande) Anomalous amplitudes Good fit to structure A B. 250 Level (Dande) Anomalous amplitudes 200 B 2
Slide 22: Mukuyu Prospect
MUKUYU PROSPECT
Slide 23: Greater Mukuyu – Lambda-Rho – 200 Level Non-reservoir
Greater Mukuyu – Lambda-Rho – 200 Level Lambda-Rho displaying gas prone indicators & shutoff across structure at same Two Way Time (TWT) CB21-05 CB21-08 CB21-13 CB21-05 Non-reservoir Reservoir Gas prone Mukuyu-1 CB21-08 Prominent “gas prone” indicator anomalies CB21-13 Anomaly shuts off at approx. s
Slide 24: Greater Mukuyu Prospect: 250 Level Dande Target
Greater Mukuyu Prospect: 250 Level 250 Level Dande Target 250 LEVEL DANDE TARGET 250 250 90MZIH-02 CB21-10 250 Mukuyu-1 Potential for greater closure in area of sparse seismic coverage CB21-02 24
Slide 25: Greater Mukuyu Prospect: 500 Level Pebbly Arkose / Upper Angwa Target
Greater Mukuyu Prospect: 500 Level 500 Level Pebbly Arkose / Upper Angwa Target 500 LEVEL PEBBLY ARKOSE / UPPER ANGWA TARGET CB21-10 500 500 90MZIH-02 90MZIH-02 CB21-10 CB21-02 500 Mukuyu-1 CB21-02 25
Slide 26: Greater Mukuyu Prospect: 600 Level Upper Angwa Target
Greater Mukuyu Prospect: 600 Level 600 Level Upper Angwa Target 600 LEVEL UPPER ANGWA TARGET CB21-10 600 600 90MZIH-02 90MZIH-02 CB21-02 CB21-10 Mukuyu-1 600 CB21-02 26
Slide 27: Greater Mukuyu Prospect: 650 Level Lower Angwa Target
Greater Mukuyu Prospect: 650 Level 650 Level Lower Angwa Target 650 LEVEL LOWER ANGWA TARGET CB21-10 650 650 90MZIH-02 90MZIH-02 CB21-02 CB21-10 Mukuyu-1 650 CB21-02 27
Slide 28: Contact
APRIL 2022 Contact: Scott Macmillan Managing Director E: info@invictusenergy.com P: +61 (8) 6102 5055 This presentation was approved for release by Invictus Board