Invictus Energy Limited has disclosed that Institutional Placement has raised $12.75m at an issue price of $0.12 per share to support the Company’s upcoming Phase 2 exploration and appraisal campaign in Zimbabwe’s Cabora Bassa Basin.  “Invictus has been overwhelmed by the support of investors in recent months as we prepare to embark on the next […]

Scirocco and ARA Petroleum Tanzania (APT) have executed amendments to extend the longstop date of the proposed transaction from 30 June 2023 to 31 August 2023. Although Scirocco has continued to make progress with the Tanzanian Revenue Authority (“TRA”) regarding obtaining tax clearance for the divestment of Ruvuma, Scirocco and its counterparty agreed it was […]

Tanzanian maiden LNG project has continued to generate undaunted financial commitment from investors. Equinor, Shell and Exxon Mobil have shown unalloyed pledges on the Tanzania multi-billion dollars LNG project deal. The current assurance is coming from Equinor Tanzania According to Equinor consortium, they have agreed a deal with the government of Tanzania for the development […]

Africa Oil Corp. has announced that it has submitted withdrawal notices to its joint venture partners on Blocks 10BB, 13T and 10BA in Kenya, to unconditionally and irrevocably, withdraw from the entirety of the joint operating agreements (JOAs) and Production Sharing Contracts (PSCs) for these concessions. The Company has concurrently submitted notices to Ministry of Energy and […]

Invictus has awarded seismic contract for Cabora Bassa Phase 2 exploration campaign to Polaris. The Program is to acquire minimum of 400-line km 2D seismic Data to be used to mature leads on trend with Mukuyu and in Basin Margin play into drill ready prospects Mukuyu-2 appraisal well is still remained on track to be […]

Invictus Energy has announced a private Placement to raise $10.0m, at $0.12 per share, following the Company’s decision to advance preparations for an appraisal and exploration campaign in Zimbabwe’s Cabora Bassa Basin.“I am pleased with the backing Invictus has received from both existing and new shareholders as we prepare to follow up the successful Mukuyu-1 […]

TotalEnergies  a French energy giant has escaped another legal hurdle after censure of its East African crude oil pipeline in a French court was stepped down over a series of technicalities, Climate Change News reported. A group of French and Ugandan campaigners argued in court that TotalEnergies did not do enough to stop environmental and […]

The drilling of maiden exploration well in Zimbabwe’s Cabora Bassa basin and subsequent results have the potential to be transformative for Invictus Energy. The Mukuyu-1 well, and subsequent sidetrack, proved a working petroleum system, has validated the geological and geophysical modelling and substantially has de-risked the future exploration in the basin. Mukuyu-1 ST1 has identified […]

The team at Uganda National Oil Company (UNOC) is excited following a Government approval regarding Kasuruban, an oil and gas block. The exploration approval is coming barely 12 days into 2023 energy year, This good news is coming following recent announcement made by the country Energy Minister Ruth Nankabirwa Ssentamu said in a statement detailing […]

Uganda said on Friday it plans to announce a third in May in an effort to further develop a sector on track to produce its first oil in 2025, Reuter reported. Energy Minister Ruth Nankabirwa Ssentamu said in a statement detailing developments in the sector that the next licensing round would be announced at a […]