Invictus Energy Limited · ASX:IVZ
Invictus Energy — Corporate Update (December 2021)
25 slides from Invictus Energy's corporate update, Dec 15, 2021
Slide 1: Cabora Bassa Project Investor Update
Invictus Energy Ltd (ASX: IVZ) (OTCQB: IVCTF) Cabora Bassa Project Investor Update Scott Macmillan Managing Director 1 15 December 2021
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: First mover in the under-explored Cabora Bassa Basin, Zimbabwe
The first mover in the under-explored Cabora Bassa Basin, Zimbabwe, one of the last undrilled Oil & Gas basins in Africa Muzarabani Prospect is the largest undrilled conventional oil and gas prospect onshore Africa and one of the largest globally 8.2Tcf + 247 million barrels of conventional gas-cond
Slide 4: Invictus Snapshot
2018 WA $64.4m ~$7.3m Market Cap Net Cash Listed Headquartered @$0.11 31 Sept 2021 Elephant scale Rapidly developing & High quality Significant Southern Invictus prospective Oil & Gas resource, defined by supportive jurisdiction of Zimbabwe surrounding infrastructure African Energy shortage Snapshot
Slide 5: Project Funding Strategy
Project Funding Strategy Invictus is progressing multiple strategies for the commercialisation of the Cabora Bassa Project Cluff Energy Additional farm-in Full Ownership & Africa farm in Option options in negotiation Operation Overview Recently signed farm-in option agreement for 2 well Board & Mana
Slide 6: Cluff Energy Africa Farm in Option
Cluff Energy Africa Farm in Option The initial non-exclusive & non-binding farm-in option delivers considerable strategic value to IVZ Cluff Energy Strategic Value to IVZ Africa farm in Option Cluff Energy Africa represent a high quality potential farm in partner, with significant A non-exclusive /
Slide 7: Drill Rig Secured
Drill Rig Secured Exalo #202 Rig Secured for drilling Muzarabani-1 Well in May 2022 • Muzarabani-1 well targeting 8.2 Tcf + 247 million barrels of conventional gas-condensate, • 1 firm well (Muzarabani-1) + 1 contingent well (TBC) • Mobilisation to Zimbabwe in Q2 for May 2022 drilling • Inheriting a
Slide 8: Zimbabwe – Geopolitical Overview
Zimbabwe – Geopolitical Overview An overlooked jurisdiction for last 20 years due to political and economic instability, despite significant reforms • New government is pro-business, promoting foreign investment and has implemented investor friendly reforms • Mines Minister is a former resources ind
Slide 9: History & Strategic Milestones
History & Strategic Milestones Invictus has spent 3 years de-risking project & poised to deliver major catalysts over next 6 months Secure additional farmout options Cabora Bassa Project Muzarabani Prospect Cabora Bassa Project Petroleum Exploration Production Sharing Acquired – largest Independent
Slide 10: 2D Seismic Data Overview & Preliminary Results
2D Seismic Data Overview & Preliminary Results 10
Slide 11: SG 4571 – Asset Overview: Muzarabani Prospect
SG 4571 – Asset Overview Muzarabani Prospect – 5 Stacked Targets can be targeted from a single well. 200km2 under closure N Msasa Lead 15km Muzarabani – Structural 4-way dip closure Dande: 0.4 Tcf Muzarabani Line 90MZIH-013 • • Forest: 1.6 Tcf S Upper Angwa • Pebbly Arkose: 1.4 Tcf + 60 mmbbls outli
Slide 12: CB21 Seismic Survey Successfully Completed in Nov'21
CB21 Seismic Survey Successfully Completed in Nov’21 CB21 Survey 840kms 2D seismic acquired to refine Muzarabani-1 well location and mature basin margin play Mobil Survey (1990) Invictus Survey (2021) Seismic Program Overview CB21 – Line 010 90MZH – Line 013 • Mobil seismic acquired at reconnaissanc
Slide 13: CB21 Encouraging Early Results from New Seismic Data
CB21 Encouraging Early Results from New Seismic Data Strong amplitude anomalies in shallow sections along basin margin and Muzarabani structure Line CB21-010 Preliminary Stack – Unscaled Version N S Anomalous amplitude character in the shallower section (Dande Fm?) Obvious amplitude anomaly against
Slide 14: CB21 Seismic Data Early Look – Direct Hydrocarbon Indicators?
CB21 Seismic Data Early Look – Direct Hydrocarbon Indicators? Potential “Flat Spots” in Muzarabani structure which may indicate a hydrocarbon contact Line CB21-010 Preliminary Stack – Unscaled Version N S Obvious amplitude anomaly against Basin Margin Fault Higher amplitudes within Potential “Flat p
Slide 15: Newly Reprocessed Mobil Data Showing Deeper Potential in Muzarabani Structure
Newly Reprocessed Mobil Data Showing Deeper Potential in Muzarabani Structure Reprocessing of previous Mobil survey by Earth Signal at more advanced stage than current CB21 Survey processing Line 90MZH-013 Preliminary Final Stack S N Corresponds to same amplitude anomaly features on CB21-010 More ad
Slide 16: Invictus Investment Opportunity
Invictus Investment Opportunity First mover advantage Multiple offtake MOU’s Strategically positioned Government providing with SG 4571 exhibiting secured with blue-chip to supply into Southern supportive environment significant scale and customers underpinning African market with for development ru
Slide 17: Appendix
Appendix 17
Slide 18: Asset Comparison
Asset Comparison Invictus’ peers have delivered material re-ratings with assets exhibiting similar or lesser qualities to SG 4571 Reconnaissance Energy Africa (TSXV:RECO) Invictus (ASX:IVZ) Asset Locations Market Cap ($AUD) $1,218.8m $64.4m Project Location Namibia - Onshore Zimbabwe - Onshore Basin
Slide 19: Reconnaissance Energy Africa Development
Reconnaissance Energy Africa Development ReconAfrica is following a near identical work program to Invictus & has achieved a material re-rating for shareholders Reconnaissance Energy Africa (TSXV:RECO)1 Market Capitalisation ($AUD) D $2,500m Granted 2D Seismic Permit D D $2,333.0m Legend 2D Seismic
Slide 20: SG 4571 – Asset Overview
SG 4571 – Asset Overview Owner and operator of SG 4571 Cabora Bassa asset with first term of work program complete to August 2020 • New 2D infill seismic acquired completed in Nov ’21 – 840 line km Local Operators • Legacy dataset of $30m seismic, gravity aeromagnetic and geochemical 1 6 dataset gen
Slide 21: Strategic Location – Southern Africa's Energy Crisis
Strategic Location – Southern Africa’s Energy Crisis 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’) enables cross-border Legend el
Slide 22: Strategic Location – Major Downstream Markets
Strategic Location – Major Downstream Markets Multiple large scale power generation, mining, chemical processing & industrial downstream consumers within Southern Africa Market Major Southern African Markets • Gas to Power can be generated locally and excess Power DRC exported to neighbouring countr
Slide 23: Strategic Location – Multiple Routes to Market
Strategic Location – Multiple Routes to Market Multiple transportation routes to market across existing infrastructure Infrastructure Major Routes to Market Tanzania Dar es • Twin Harare-Beira liquids pipeline (800km) and DRC Salaam 1 Gas Pipeline connect to ROMPCO pipeline feeding Sasol Gas Zambia
Slide 24: Board & Management
Board & Management A highly experienced Board & Management team with a track record of developing leading Oil & Gas assets • +34 years in the Petroleum industry, having operated assets in 20 countries worldwide, including in +10 in African countries. Combines in-depth technical knowledge and a world
Slide 25: Contact
Contact: Scott Macmillan Managing Director E: info@invictusenergy.com P: +61 (8) 6102 5055 This presentation was approved for release by Invictus Board 25