Invictus Energy Limited · ASX:IVZ
Invictus Energy — Good Oil Conference 2019
19 slides from Invictus Energy's conference presentation, Sep 11, 2019
Slide 1: SG 4571 – Cabora Bassa Project Overview
Invictus Energy Ltd (ASX: IVZ) SG 4571 – Cabora Bassa Project Overview Conventional Oil and Gas Exploration Zimbabwe Good Oil Conference - Perth 11 September 2019 invictusenergy.com invictusenergy.com
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: Summary
Summary Invictus Energy Ltd is an upstream E&P company (ASX: IVZ) focused on oil and gas in Sub Saharan Africa Invictus is the 80% owner and operator of the Cabora Bassa Project containing SG 4571 exploration licence in the Cabora Bassa Basin in northern Zimbabwe SG 4571 licence contains potentially
Slide 4: SG 4571 Asset Overview
SG 4571 Asset Overview Invictus is 80% owner and operator of SG 4571 in Cabora Bassa • Licence area covers 250,000 acres in most prospective part of basin • SG 4571 granted in August 2017 for initial 3 year period (renewable) • First 2 years of work program completed • Updated PSC being drafted for
Slide 5: Company Overview
Company Overview Key Statistics – ASX: IVZ Performance Share Milestones Expiry Shares Outstanding 391,001,892 An independent prospective resource certification of greater Class A 25.2 M than 1.5TCF Gas or 250 mmboe with respect to the Cabora Awarded Performance Shares 75,767,103 Bassa Project. Optio
Slide 6: Directors and Management
Directors and Management Dr. Stuart Lake – Non-Executive Chairman Dr Lake has over 34 years of global experience in the Petroleum industry and significant expertise, having operated assets in 20 countries worldwide, including in over ten African countries. He brings a combination of in-depth technic
Slide 7: Why Zimbabwe?
Why Zimbabwe? Overlooked jurisdiction for last 20 years due to political and economic instability New government is pro-business, promoting foreign investment and has implemented investor friendly reforms Mines Minister is a former resources industry executive that understands the needs of the resou
Slide 8: Mzarabani Prospect Schematic
Mzarabani Prospect Schematic • Single well in a huge stacked prospect to test gross 8 Tcf + 250 mmbbls • Additional mapped potential provides running room on success • Estimated well cost US$10 million (dry hole cost) Multiple cycles of lower Triassic • Largest, undrilled, seismically defined struct
Slide 9: Independent Prospective Resource Estimate
Independent Prospective Resource Estimate Elephant scale potential Total Prospective Resource of 9.25 Tcf + 294 million barrels# of conventional gas / condensate (gross mean unrisked) across SG 4571 in Mzarabani and Msasa prospects • Independently verified by Getech Group plc from 12 month study on
Slide 10: Domestic and Regional Gas Market Overview
Domestic and Regional Gas Market Overview Zimbabwe: Strategic Location • Southern Africa desperately short of gas • South Africa gas supply from offshore Mossel Bay and onshore Mozambique is dwindling coupled with a lack of supply alternatives • Rovuma gas fields in northern Mozambique unlikely to s
Slide 11: Southern Africa’s Energy Crisis
Southern Africa’s Energy Crisis Zimbabwe: Strategic Location • Southern Africa is facing an energy crisis with increasing shortages of electricity hampering industry and investment • Majority of power in the region is coal and hydroelectric • Southern African Power Pool (SAPP) established in 1993 en
Slide 12: Regional Supply/Demand Balance – Power Africa Study
Regional Supply/Demand Balance – Power Africa Study Mozambique sitting on vast gas surplus, however: • Long distance to market > 2,500km • LNG volumes committed > 2030 Botswana & Namibia • Controlled by large IOCs unwilling to supply gas for • Relatively low demand domestic/regional use • Balanced s
Slide 13: Domestic and Regional Gas Market Overview
Domestic and Regional Gas Market Overview ROVUMA OFFSHORE 170 Tcf GAS PANDE-TEMANE GAS PRODUCTION PROFILE MARKET POTENTIAL 2 500 Pande-Temane Gas Rate Gas Production Rate Customer Use 400 SG 4571 POTENTIAL# 3 ROMPCO (mmscf/d) A Sable Chemicals Fertiliser 9.25 Tcf GAS 300 pipeline 294 MMbbl Cond B Ga
Slide 14: Source and Reservoir Rock Sampling Field Photos
Source and Reservoir Rock Sampling Field Photos Invictus Surface Outcrop Sample Program July 2019 Alternations Member Alternations Member Mkanga Reservoir – clean porous Source sandstone Source – fossiliferous, coaly mudstone Mwanzamtanda MarigaGorge Hill Manyima Bridge Kanyemba SG 4571 Road Sealed
Slide 15: Cabora Bassa Basin Source Rocks
Cabora Bassa Basin Source Rocks • Key differentiator of Cabora Bassa Basin compared to majority of Karoo aged plays is the additional presence of oil prone source rock in the Upper Angwa section of Lower Triassic at favourable depths for hydrocarbon generation • Most Karoo aged plays in other basins
Slide 16: Mzarabani Prospect – Massive Stacked Potential
Mzarabani Prospect – Massive Stacked Potential Top structure maps showing stacked, multi-target, 4-way dip anticline invictusenergy.com 16
Slide 17: SG 4571 Prospects and Leads
SG 4571 Prospects and Leads • Mzarabani – structural 4 way dip closure • Dande • Forest • Pebbly Arkose Mzarabani • Upper Angwa • Lower Angwa • Msasa – structural 4 way dip closure • Pebbly Arkose • Upper Angwa • Lower Angwa Lead A Msasa • Lead A – structural 3 way high side fault trap • Dande SG 45
Slide 18: Summary
Summary Giant scale potential identified within SG 4571 in Cabora Bassa with multiple play types providing running room on success Gas Sale MOU secured with blue chip customer which will underpin development and monetisation of even a modest discovery Strategically positioned to supply energy starve
Slide 19: Contact Details
Contact Details Scott Macmillan info@invictusenergy.com +61 (8) 6102 5055 invictusenergy.com invictusenergy.com invictusenergy.com