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Zimbabwe

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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Zimbabwe To Set Aside A $45 Million Special Fund For Renewable Energy In 2022

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 […]

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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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