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Zimbabwe

Invictus Releases Support Development Plan for The Cabora Bassa Project, Zimbabwe

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 […]

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Invictus divests 25%stake to Cluff Energy in Zimbabwe

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 […]

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Invictus Energy Reports Encouraging Preliminary Seismic Results, Zimbabwe

Invictus Energy has provided an update on the activities of its 80% owned and operated CaboraBassa Project in Zimbabwe. CB21 Seismic Survey Preliminary Results Encouraging Following the completion of the CaboraBassa 2021 seismic survey (“CB21 Survey”) in early November which acquired a total of 839.3km of high resolution 2D seismic data, preliminary processing by EarthSignal […]

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Invictus Completes Cabora Bassa Seismic Survey

Invictus Energy has provided an update on the activities of its 80% owned and operated Cabora Bassa Project in Zimbabwe. CB21 Seismic Survey Completed The Cabora Bassa 2021 seismic survey (‘CB21 Survey’) has been completed with a total of 839.5 km of high resolution 2D seismic data acquired. A total of 402.2 km of data […]

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Invictus Energy Provides Cabora Bassa Project Update, Zimbabwe

Invictus Energy has provided an update on the activities of its 80% owned and operated CaboraBassa Project in Zimbabwe. Seismic Campaign Update The CaboraBassa 2021 seismic survey (“CB21 Survey”) has completed 467km of data acquisition and remediation of the completed lines has commenced. The HSE performance throughout the program has been exceptional, and the project […]

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Invictus Energy Provides Cabora Bassa Project Update, Zimbabwe

Invictus Energy has  provided an update on the activities of its 80% owned and operated CaboraBassa Project in Zimbabwe. Seismic Campaign Update The CaboraBassa 2021 seismic survey (“CB21 Survey”) campaign is progressing well with 220km of data recording and 240km of layout completed to date. The data quality and density being acquired from the CB21 […]

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Invictus Energy Announces Cabora Bassa Project Update Offshore Zimbabwe

 Invictus Energy Limited (“Invictus” or “the Company”), is pleased to provide an update on the activities of its 80% owned and operated Cabora Bassa Project in Zimbabwe. Seismic Campaign Update Following the award of the seismic acquisition contract to Polaris Natural Resources Inc. (“Polaris”) as announced on 21 April 2021 on the ASX platform, the […]

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Polaris wins Cabora Bassa Basin seismic contract in Zimbabwe

Invictus Energy has provided an update on the activities of its 80% owned and operated Cabora Bassa Project in Zimbabwe. Invictus Awards Seismic Acquisition Contract to Polaris Natural Resources Invictus, following the recent signing of the PEDPA with the Republic of Zimbabwe, has awarded Polaris Natural Resources, Canada’s longest standing seismic company, a contract to […]

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Zimbabwe Muzarabani oil and gas prospects, huge economic developmental value

Government is excited by the encouraging prospects of potential discovery of oil and gas in the Muzarabani area, as this will make the country energy self-sufficient, create employment, grow the economy and bring huge downstream benefits, President Mnangagwa has said. He also said Zimbabwe’s oil and gas industry represented huge, unique and competitive investment opportunities […]

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Penspen wins Petrozim Feruka-Harare pipeline contract in Zimbabwe

A UK based company Penspen has been awarded a 10 month engineering contract from national oil company Petrozim Line Ltd to deliver a next-generation engineering project for the Feruka-Harare pipeline in Zimbabwe.   Designed to enhance operational efficiency, the contract will see Penspen support to Petrozim on their mission to achieve maximal capacity to meet increasing petroleum products […]

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