Invictus confirms it has executed a binding drilling rig contract with Exalo Drilling to drill the Muzarabani-1 exploration well and an option for an additional exploration well for the basin opening drilling campaign, scheduled to commence in June 2022. The contract comes after Invictus entered an MOU with the company last December and involves the […]
Invictus Energy has provided an update on the activities of its 80 per cent owned and operated CaboraBassa project in Zimbabwe. Data processing of the 2021 CaboraBassa 2D Seismic Survey (“CB21 survey”) and concurrent reprocessing of a legacy Mobil dataset has largely been completed by onshore high resolution data specialists Earth Signal Processing in Calgary, […]
The Lake Albert Development Project partners have announced the final investment decision and the launch of this major project. This was madeduring a ceremony held in Kampala, in the presence of Yoweri Museveni, President of the Republic of Uganda, Philip Mpango, Vice-President of the United Republic of Tanzania, Patrick Pouyanné, Chairman and CEO of TotalEnergies, […]
AMINEX has said that its Operational activities under the Ruvuma PSA in Tanzania, where it owns a 25% carried working interest have progressed under the supervision of operator ARA Petroleum Tanzania (APT’) Seismic camp has being fully constructed, and the contractor Africa Geophysical Services (‘AGS’) is completing the mobilisation of all necessary equipment to site, […]
The Zimbabwean authorities with the support of the United Nations Fund for SDGs, have set up a Renewable Energy Fund (REF) of $45 million scheme to attract investment in hydropower, solar and biomass. The country which has been hit by drought in recent years, has committed itself since COP 26 in reducing its greenhouse gas […]
The Malindi solar power plant is entering commercial operation in Kenya. The facility located in Kilifi County was financed and built by independent power producer (IPP) Globeleq in partnership with Africa Energy Development Corporation (AEDC) Afrik media repors. A new solar photovoltaic plant is coming online in Kenya. The facility, which is connected to the […]
Wentworth (holding 31.94%) and its joint venture partners have achieved record quarterly production of 91.5 MMScf/d from the Mnazi Bay gas field in the fourth quarter of 2021. This supported the steadily increasing demand for natural gas in Tanzania, which remained strong throughout the second half of last year. Positive economic indicators continue to support […]
InvictusEnergy has disclosed a Placement of $3.5m and Share Purchase Plan SPP of up to $2m to raise a total aggregate amount of up to $5.5m . The Placement & SPP participants are to receive attaching option on a 1-for-2 basis, exercise price of $0.14 & 3-year term, The company also disclosed a 2-Well Drilling […]
Cluff Energy Africa (CEA) has snatched 25% shareholding in Invictus Energy, the firm that is exploring for oil and gas in Zimbabwe’s Muzarabani District.The transaction entails CEA bankrolling 33,33% of the drilling of Invictus’ first test well, early next year, and ultimately taking over 25% shareholding. The country’s local media reported Invictus has announced that […]
Mozambiquecan is planning to launch the country’s 6th licence bid round for 16 new oil and gas blocs and the results are expected to be announced next October, the National Petroleum Institute (INP) said. The anticipated announcement of Mozambique’s 6th oil and gas licensing round will promote exploration and production activities, and we have comprehensive […]
