Source: Oil explorer projects bigger Zim find as first test well drill progresses to m –Newsday Zimbabwe AUSTRALIA Stock Exchange-listed resources firm Invictus Energy yesterday said there could be a bigger resource at its Zimbabwean oil and gas claims than previously projected. Seismic survey results by leading petroleum Invictus Energy has discovered gas in Zimbabwe, raising hopes the landlocked southern African nation could become a producer decades after ExxonMobil abandoned a search for oil in the region. The Australian-based company said four samples from a well in the north had shown the presence of gas in a country that has suffered Australia-listed Invictus Energy on Monday confirmed the presence of light oil, gas condensate and helium at its Cabora Bassa project in Zimbabwe, sending its shares up %. The company said that mud gas analysis from the Mukuyu-1 well drilled last year had proved the presence of hydrocarbons in multiple reservoir pay zones. “Analysis March 4, at AM PST. Listen. Australia’s Invictus Energy Ltd. has discovered condensate and helium in a project in northern Zimbabwe that was The investor in the Muzarabani oil project, Invictus Energy, halted trading of its shares on Australian Stock Exchange ahead of today’s signing ceremony, the second time in two weeks. The company has a smaller market cap of below A$80m. The company will now invest between US$15 million and US$30 million towards drilling of two oil and HARARE – Australian-listed Invictus Energy Ltd has started drilling one of two exploration wells for oil and gas in northern Zimbabwe, the company said on Monday. The kilometre deep well, situated in the Muzarabani-Mbire area, is part of the Cabora Bassa project in Zimbabwe, which is 80 percent owned and operated by Invictus Source: Zimbabwe: Oil Drilling Expected To Commence In August – Invictus Prospective drilling for oil and gas in Muzarabani, Mashonaland Central Province, is expected in August after customs clearance delays for the drilling rig in both Tanzania and Mozambique. The task was initially set for June after the Exalo Rig was mobilised The company said SG contained the Mzarabani conventional gas-condensate prospect, the largest undrilled prospect onshore Africa with an independent estimate of 8,2 Tcf + million barrels
Invictus Sets September Target for Zimbabwe Oil, Gas Drilling
Invictus revises Zimbabwe gas supply deal for MW Mbuyu plant. Following several gas discoveries at the Mukuyu-2 well on the ambitious Australian minnow’s Cabora Bassa project, Invictus Energy and local partner One Gas Resources have revised a gas memorandum with local developers planning to build a MW gas-fired Invictus Energy is the operator of the Special Grant permit through its 80 percent ownership of Geo Associates Zimbabwe, in which One Gas Resources holds the balance of 20 percent. has led to the discovery of the gas and confident that the efforts of the investors would unlock the full potential of Zimbabwe’s oil and gas resources HARARE, June 19 (Reuters) - Australia's Invictus Energy ([HOST]) may sell a stake in its Zimbabwean oil and gas project if its appraisal drilling campaign confirms commercially
Australia-based Invictus Energy starts oil, gas drilling in Zimbabwe
08 May News. Discovery Invictus Energy CEO Scott MacMillan announced oil find. HARARE – Australia-listed Invictus Energy on Monday confirmed the presence (Bloomberg) — Invictus Energy Ltd. plans to start drilling at its Cabora Bassa oil and gas prospect in northern Zimbabwe by early September. The Mukuyu (Bloomberg) – Australia’s Invictus Energy Ltd. discovered natural gas in northern Zimbabwe, almost three decades after Exxon Mobil Corp. mothballed its quest Invictus Energy Limited, an Australian energy company, has struck a significant gas discovery at its Mukuyu 2 drill site, unveiling deposits four times larger than those found at their initial site. The breakdown of machinery at their first drill site led them to this larger trove, in a narrative that echoes the timeless adage - every cloud has Invictus Energy signed the exploration, development and production deal with Zimbabwe in , which is entitled to as much as 60 percent of the project's output Invictus Energy, an Australian-listed company, has made remarkable progress in the exploration of oil, gas, and helium reserves in Zimbabwe. Through extensive drilling and meticulous analysis, the company has confirmed the presence of light oil and rich natural gas-condensate. It also found commercial quantities of helium gas