“I look forward to building on this success as the Company prepares for further appraisal at Mukuyu, while it holds a portfolio of exciting exploration prospects and leads, which have been significantly de-risked through the recent drilling campaign.”
The company’s work has reduced risk on trap, source and seal, it said. Reservoir remains a moderate risk, it said, while the “lateral extent and continuity of reservoir sands is still unknown”.
Invictus may choose to drill Mukuyu-2 this year or the Baobab-1 well. The company has not yet committed.
Total Eren and Chariot have agreed to build a solar photovoltaic (PV) project to supply power to the Karo platinum project in Zimbabwe.
Despite positive drilling results in Zimbabwe, Invictus Energy ran into headwinds at its AGM, with shareholders opposing a number of resolutions and chairman Stuart Lake opting to leave.
Australia’s Invictus Energy (ASX:IVZ) has reached total depth and found “multiple zones” with gas shows.
Australia’s Invictus Energy has begun drilling the Mukuyu-1 exploration well in Zimbabwe.
Invictus Energy has firmed up its control of more acreage in Zimbabwe, while also choosing a second well site, the company has announced in a release.
Australia’s Invictus Energy has more than doubled the amount of gas it hopes to find at its upcoming Mukuyu well, in Zimbabwe.
Invictus Energy has signed a binding well services contract with Baker Hughes for drilling in Zimbabwe, following a capital raise.
Reconnaissance Energy Africa and Invictus Energy are both nearing drilling, as they seek to prove up onshore hopes around Namibia and Zimbabwe respectively.
Australia-listed minnow Invictus Energy has received three farm-in bids for its project in Zimbabwe, where it has also begun work constructing a well pad.
Invictus Energy expects to start drilling its major Zimbabwean prospect by July, bringing the long-awaited dream of founder and managing director Scott Macmillan to the test.
Mozambique President Filipe Nyusi has ceremonially laid the first stone for the Temane project.
Invictus Energy has awarded the integrated well services contract for its upcoming work in Zimbabwe to Baker Hughes.
Invictus Energy has secured long-lead items for its planned two-well programme and launched a capital raising programme, as it targets drilling in the first half of the year.
South Africa sees it as “imperative” to add more gas suppliers, in order to help develop the local sector.
The UK has removed all 11 countries from the red list in the face of international pressure.
Australian minnow Invictus Energy has struck a farm-in option, giving Cluff Energy Africa a potential 25% stake in the Cabora Bassa project.
Invictus Energy has completed its 2D seismic survey on Zimbabwe’s Cabora Bassa, exceeding its licence commitments.
ARCH Emerging Markets Partners has invested a further $2.5 million in South Africa-based Sun Exchange.
Zimbabwe-focused Invictus Energy expects to begin acquiring seismic in the first week of September.
A hydropower plant in Zimbabwe is taking the local utility to international arbitration over a dispute on what currency should be used in payments.
The UK has announced new sanctions against five people, including officials in Equatorial Guinea and Zimbabwe.
Australia’s Invictus Energy has scrapped a farm-in agreement for its Cabora Bassa project in Zimbabwe.