Exxon abandoned its plan for exploration work in Zimbabwe in the s after concluding that any discoveries were more likely to hold gas than oil. Invictus owns an 80% stake in the Cabora Bassa Invictus Energy Ltd (IVZ) is an independent upstream oil and gas company. The company is opening rift basins in onshore Africa - the Cabora Bassa Basin - in northern Zimbabwe through an impact exploration program. Share Price An Australia Stock Exchange (ASX)-listed miner, Invictus Energy, which is exploring oil in Muzarabani, Zimbabwe, has confirmed the presence of gas and liquid hydrocarbons in north-east Zimbabwe In a report seen by Pindula News, Invictus said results from exploration have prompted the mining company to keep the drilling rig in Karat INVICTUS Energy, the Australia-Stock- Exchange (ASX) listed firm exploring for oil and gas in Zimbabwe’s Muzarabani area, has received an inter-ministerial approval for petroleum development and production agreement (PEDPA), which sets the terms and rights of all parties. This comes after Invictus recently said it had March 4, at AM PST. Listen. Australia’s Invictus Energy Ltd. has discovered condensate and helium in a project in northern Zimbabwe that was Zimbabwe’s Muzarabani oil and gas exploration project has made it to the list of this year’s Top Five oil and gas wildcat drilling compiled by leading global energy price, research and analysis site – [HOST] This comes after developer, Australia Stock Exchange (ASX) listed Invictus Energy, signed a petroleum exploration development and production Invictus Energy has announced the commencement of drilling of the Mukuyu-2 well at its 80% owned and operated Cabora Bassa Project in Zimbabwe. Comments from Managing Director Scott Macmillan: ' This is an exciting and long-anticipated moment for Invictus and our shareholders, and the commencement of our
Home - Invictus Energy Limited
Exalo Rig Invictus Energy has found more than 1, metres of gross hydrocarbon charge in two zones at its Zimbabwean well. It has now started wireline Invictus Energy, the exploration player hunting hydrocarbons in Zimbabwe, has decided to retain the rig that recently discovered a working petroleum system in the challenging frontier Cabora Bassa 1 day ago · Invictus managing director, Scott MacMillan, said the impurities in the natural gas were less than 2 percent C02 (carbon dioxide), along with associated condensate, Invictus Energy is the operator of the Special Grant permit through its 80 percent ownership of Geo Associates Zimbabwe, in which One Gas Resources holds the balance of 20 percent. “Invictus Energy and GeoAssociates have delivered an exceptional result from the first two wells drilled in Mukuyu, opening up substantial room in their large
Invictus Energy confirms oil, gas and helium find in Zimbabwe
In a fantastic turn of events, Zimbabwe has officially announced the discovery of gas by Australian-listed company Invictus Energy Ltd. The Minister of Mines and Mining Development, Soda Zhemu, issued a statement on Thursday, confirming this exciting find in northern Zimbabwe, where Invictus has been hard at work drilling two exploration wells With the questions about Zimbabwe’s suitability as an investment decision answered, the picture surrounding Invictus’ Cabora Bassa project in northern Zimbabwe becomes a lot clearer. The project was first defined by Mobil during the s with the supermajor spending $30m acquiring 2D seismic, gravity and aeromagnetic data Zimbabwe oil drilling to begin in by Mike July 27, 0 INVICTUS Energy, the Australian firm prospecting for oil and gas in Muzarabani, may start drilling exploration wells early next year after taking delivery of state-of-the-art equipment to be used in identifying well sites. Managing director Mr Scott MacMillan said the more Invictus revises Zimbabwe gas supply deal for MW Mbuyu plant. Following several gas discoveries at the Mukuyu-2 well on the ambitious Australian minnow’s Cabora Bassa project, Invictus Energy and local partner One Gas Resources have revised a gas memorandum with local developers planning to build a MW June 20, Share this article. Invictus plans to list on Zimbabwe’s US dollar-only Victoria Falls Stock Exchange. Credit: Brad Weaver on Unsplash. Australia’s Invictus INVICTUS Energy has launched an entitlement issue for ordinary shares to all eligible shareholders following a private placement that raised over AUS$15 million (equivalent to US$10,2 million) to