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Zimbabwe

Zimbabwean First Oil: Invictus Energy Commences Drilling Of Mukuyu-1 Exploration Well

Invictus Energy Limited said that the drilling at the Mukuyu-1 exploration well in SG 4571 has commenced on Friday 24 September local time. This was stated in an update on the activities of its 80% owned and operated Cabora Bassa project in Zimbabwe.  Drilling will commence from the installed conductor at 67m to a planned […]

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Invictus Seeks $25.0M To Drill Two High Impact Well In Cabora Bassa Basin, Zimbabwe

Invictus Energy  has announced a private placement to raise $25m at $0.23 per share following the Company’s decision to sole fund the initial drilling campaign of two high impact exploration wells aimed at unlocking the resource potential of the Cabora Bassa Basin in Zimbabwe. Following the assessment of a range of options, including farm-in bids […]

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Invictus Energy’s Cabora Bassa Exploration And Development Project Progresses Offshore Zimbabwe

Invictus Energy Limited has provided an update on the activities of its 80% owned and operated Cabora Bassa project in Zimbabwe. Assignment of exploration rights to EPO 1848 and EPO 1849 by Sovereign Wealth Fund of Zimbabwe Invictus’ 80% owned subsidiary Geo Associates (Pvt) Ltd (Geo Associates) and the Sovereign Wealth Fund of Zimbabwe (SWFZ) […]

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Invictus Energy Limited Has Awarded Three Carbon Offset Projects In Zimbabwe

The Company has entered a 30-year contract (the “Contract”) with the Forestry Commission of Zimbabwe (FCZ) for the development of the Ngamo-Gwayi-Sikumi (NGS) REDD+ project, which is renewable for a further 30 years, as part of the company’s sustainable plan to manage emissions. The NGS REDD+ project will enable the Company to fully offset all […]

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Invictus Energy Gives Update On Cabora BASSA Project In Zimbabwe

Invictus Energy has provided an update on the activities of its 80% owned and operated Cabora Bassa project in Zimbabwe. Mukuyu-1 prospective resource upgraded to 20 Tcf + 845 million barrels of conventional gas condensate (gross mean unrisked basis) Invictus has received an updated Independent Report from ERCE estimating substantial resource potential at its Cabora […]

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Baker Hughes Completes Well Services Contract With Invictus Energy In Zimbabwe

Invictus Energy has provided an update on the activities of its 80% owned and operated Cabora Bassa project in Zimbabwe. Integrated well services contract awarded to Baker Hughes Invictus confirms it has executed a binding well services contract with Baker Hughes for its basin opening drilling campaign in the Muzarabani-Mbire area of Zimbabwe, scheduled to […]

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Invictus Receives Three Farm-In Bids Offer For Cabora BASSA Project In Zimbabwe

Invictus Energy with 80% owned and operated Cabora Bassa Project in Zimbabwe has received three farm-in offers for the Cabora Bassa Project including an updated Farm-in bid from Cluff Energy Africa. Ongoing due diligence and internal approvals are being undertaken by additional parties which may result in further bids being received. The Company is assessing […]

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Invictus Gives Extension Of Farm-In Process For CaboraBassa In Zimbabwe

Invictus Energy Limited (“Invictus” or “the Company”), is pleased to provide an update on the activities of its 80 per cent owned and operated CaboraBassa project in Zimbabwe. Farm-in process update Invictus has granted Cluff Energy Africa’s (“CEA”) request to extend its farm-in option expiry (see ASX release on 9 December 2021) and submit an […]

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Invictus Energy, Exalo Enter Into Fresh Rig Contract For Cabora Bassa Project In Zimbabwe

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 […]

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Invictus Releasea Cabora Bassa Final Processed Seismic Data, Zimbabwe

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, […]

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