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Invictus Energy Declares Gas Discovery In Zimbabwe

1 year agoThu, 07 Dec 2023 07:09:54 GMT
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Invictus Energy Declares Gas Discovery In Zimbabwe

Australian firm Invictus Energy has declared a gas find at its Muzarabani prospect in Zimbabwe.

Scott Macmillian, Invictus’ Managing Director, on Thursday, 07 December said that “the discovery represents one of the most significant developments in the onshore Southern Africa oil and gas industry for decades”.

In a statement, Mines and Mining Development Minister Zhemu Soda that the “discovery will have a positive impact on the economic and social development of Zimbabwe”. Read the statement:

The Government of Zimbabwe is pleased to announce that Geo Associates and its partners Invictus Energy and One Gas Resources have successfully declared a gas discovery in Zimbabwe through the ongoing exploration activities in Muzarabani.

This is a major discovery and represents one of the most significant developments in the onshore Oil and Gas Sector in the Southern Africa Region. The discovery is the first Triassic-aged hydrocarbon in Sub-Saharan Africa.

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Geo Associates has delivered an exceptional result from the first two wells drilled in Mukuyu, opening up substantial room in their large portfolio of prospects and leads for further discoveries.

The results were shared as should be the norm have now been shared with the Government. The company has also proceeded to make this announcement at the Australian Stock Exchange as per listing requirements.

A total of four hydrocarbon samples were recovered to the surface from two separate zones in the Upper Angwa using the wireline formation testing tool.

The samples meet key international standards and; gas and fluid properties will be confirmed following laboratory testing.

Currently, the Company is conducting further appraisal and evaluation work to confirm the size and quality of the gas reservoirs, and to determine the optimal development plan.

The discovery also bodes well for other prospects and leads in the remainder of the larger Cabora Bassa Basin.

This discovery is a result of the long-term partnership between Geo Associates and the Government of Zimbabwe, with the Government providing an appropriate mining title and a conducive regulatory and fiscal environment for the project.

Zimbabwe is proud and grateful for this cooperation, and we are confident this will unlock the full potential of Zimbabwe’s oil and gas resources.

We believe that this discovery will have a positive impact on the economic and social development of Zimbabwe.

Gas will also support the diversification of Zimbabwe’s energy mix, enhance its energy security, and create jobs and opportunities for local communities. We are confident that this discovery will open up new horizons for Zimbabwe.

Both the Government and the Investor would want to reiterate that this is gas a discovery, we have not yet confirmed the discovery of oil as further exploration, tests and evaluations are still ongoing. The discovery will change the economic landscape of the country.

The nation will be kept appraised and informed of developments over this oil and gas exploration project.

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20 Comments

ama2K musharukwa · 1 year ago
hapana chekufara apa ma minerals tinawo but dololi
Bvepfepfe · 1 year ago
izvezvi chibaby chezanu akutofunga kuti achadya nemahara ake so....😁😁😁
tavanenguva tichiiudzwa nezve oil iyoyo · 1 year ago
kubva riini takungoda kuhwa kuti vanoda basa isai ma CV kwete zveu vonyora zvenyu izvo
dk, · 1 year ago
Zimbabwe is going to be the second Switzerland, a prophecy of a certain woman in Guatemala in 1998 and Sindy Jacobs in 2000, vaiti Zimbabwe is going to heal the world, to feed the world....kutaura zvishoma, maminerals haasati atanga kubuda, hawo uye hamusati makusisa, Zimbabwe haisi kugadzirwa nomunhu asi naMwari pachake, kuti murege kufamba muchiti ndiChamisa akaita kuti zvinhu zvinake
@Diki penisheaded · 1 year ago
muka ubike doro
Anonymous · 1 year ago
All the money will be used to oil the gukuraundist killing machine sad
Anonymous · 1 year ago
I think people don't know what 'indication' means that was used by reporter. Police indications are signs that can help police officers identify potential threats or attacks. These indications can be verbal or non-verbal. Non-verbal indications include things like clenched teeth, furrowed brow, pursed lips, bared teeth, wide, non-blinking eyes, wiping off imaginary lint, hair straightening, clothing adjustments that come at inappropriate times, and paying repeated visual attention to an officer’s gun. Verbal indications include things like threats, insults, and profanity1.
hmmm ok · 1 year ago
Scott Macmillian , hmm where do we know that surname from , a certain gold smuggler maybe ?
JDM · 1 year ago
he is Zimbabwean born and bred here went to Australia for greener pastures
Macmillan? · 1 year ago
Gold Mafia ❓❓❓
... · 1 year ago
He was a cricketer, a farmer ku Mash best uko
Bvepfepfe · 1 year ago
🤣🤣🤣🤣🤣🤣🤣 Saka taitadza neyi kuzviitira tega, taitadza neyi kuzvitsvagira tega all these years. I am not impressed at all. Ana Invictus will be benefiting more just like China and Russia. Iyo Australia never called Zimbabwe to invest and open mines ikoko. Even China never called Zim buy gold 🤣🤣🤣
1
JDM · 1 year ago
the lnviticus is being lead by a Zimbabwean born Scott McMillan just that the company is based in Australia chete
XXX · 1 year ago
I think half a loaf is better than none at all. The company proclaims that it is a sure case that gas has been discovered. It goes on to say that discovery of oil has not been confirmed because there are further tests to be carried out. The sooner they confirm the discovery of oil the better. EHE ICHO !!!!!
Xxx · 1 year ago
The better for who actually
Anonymous · 1 year ago
Job opportunity mfanami. You can expect to earn shares when you have not invested.
Anonymous · 1 year ago
Oh dear, just when we are all going 'electric'to save the world.
gm · 1 year ago
kanyika kano kakatakura hupfumi asi ummmm

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