{"id":12199,"date":"2022-04-27T16:55:29","date_gmt":"2022-04-27T16:55:29","guid":{"rendered":"https:\/\/www.oilnewskenya.com\/?p=12199"},"modified":"2022-04-27T16:55:29","modified_gmt":"2022-04-27T16:55:29","slug":"zimbabwe-cluff-energy-africa-2-others-show-interest-in-cabora-bassa-basin","status":"publish","type":"post","link":"https:\/\/www.oilnewskenya.com\/index.php\/zimbabwe-cluff-energy-africa-2-others-show-interest-in-cabora-bassa-basin\/","title":{"rendered":"ZIMBABWE: Cluff Energy Africa, 2 Others Show Interest in Cabora Bassa Basin"},"content":{"rendered":"

Farm-in bids received<\/strong>
\nInvictus Energy reports it has received three farm-in offers for the Cabora Bassa Project including an updated 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.<\/p>\n

Invictus says it is assessing the current bids and working to complete further due diligence requirements from counterparties including country visits, government approvals and completion of binding Farm Out and Joint Operating Agreements ahead of the upcoming two well drilling campaign.<\/p>\n

Mukuyu-1 wellpad construction commenced<\/strong>
\nThe Mukuyu-1 (formerly named Muzarabani-1) wellpad construction has commenced
\nfollowing the completion of the well site survey and award of the civil works and construction contract. Cultural ceremonies were held yesterday by Traditional Leaders from the Muzarabani and Mbire Districts at the well site.<\/p>\n

The Mukuyu-1 well will test multiple stacked targets within the greater Mukuyu structure which is independently estimated to contain 8.2 Tcf + 247 million barrels of conventional gas condensate (gross mean unrisked).<\/p>\n","protected":false},"excerpt":{"rendered":"

Farm-in bids received Invictus Energy reports it has received three farm-in offers for the Cabora Bassa Project including an updated bid from Cluff Energy Africa. Ongoing due diligence and internal … Read More<\/a><\/p>\n","protected":false},"author":24,"featured_media":8566,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"jetpack_post_was_ever_published":false},"categories":[7442,7445,11],"tags":[10415,870,7812,5915,8108,10413,10414,2767],"class_list":["post-12199","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-countries","category-southern-africa","category-top-news","tag-cluff-energy-africa","tag-farm-out","tag-invictus-energy","tag-joa","tag-mbire","tag-mukuyu-1","tag-muzabarani","tag-zimbabwe","entry"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2020\/07\/Zimbabwe-Cabora-Bassa.jpg?fit=570%2C797&ssl=1","jetpack_shortlink":"https:\/\/wp.me\/p5JWkQ-3aL","jetpack-related-posts":[{"id":11347,"url":"https:\/\/www.oilnewskenya.com\/index.php\/zimbabwe-cluff-energy-acquires-25-interest-in-cabora-bassa-projec\/","url_meta":{"origin":12199,"position":0},"title":"ZIMBABWE: Cluff Energy Acquires 25% Interest in Cabora Bassa Project","author":"","date":"December 9, 2021","format":false,"excerpt":"Invictus Energy has announced that it has executed a farm-in option agreement with Cluff Energy Africa Limited (CEA) for a 2 well exploration drilling campaign in the Cabora Bassa Project. CEA will fund 33.33% of the costs for a 25% interest in the Cabora Bassa Project and Invictus will remain\u2026","rel":"","context":"In "Countries"","block_context":{"text":"Countries","link":"https:\/\/www.oilnewskenya.com\/index.php\/category\/countries\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2020\/07\/Zimbabwe-Cabora-Bassa.jpg?fit=570%2C797&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2020\/07\/Zimbabwe-Cabora-Bassa.jpg?fit=570%2C797&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2020\/07\/Zimbabwe-Cabora-Bassa.jpg?fit=570%2C797&ssl=1&resize=525%2C300 1.5x"},"classes":[]},{"id":12397,"url":"https:\/\/www.oilnewskenya.com\/index.php\/zimbabwe-invictus-energy-reports-2-7-fold-in-mukuyu-prospect-assessment\/","url_meta":{"origin":12199,"position":1},"title":"ZIMBABWE: Invictus Energy Reports 2.7-fold in Mukuyu Prospect Assessment","author":"","date":"July 5, 2022","format":false,"excerpt":"Invictus Energy reports it has received an updated Independent Report from ERCE estimating substantial resource potential at its Cabora Bassa Project. ERCE estimates the gross mean recoverable conventional potential of the Mukuyu prospect at a combined 20 Tcf and 845 million barrels of conventional gas condensate, or about 4.3 billion\u2026","rel":"","context":"In "Countries"","block_context":{"text":"Countries","link":"https:\/\/www.oilnewskenya.com\/index.php\/category\/countries\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2022\/07\/Exalo-Rug-202-Mud-Pumps-in-Transit-to-Zimbabwe.png?fit=606%2C319&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2022\/07\/Exalo-Rug-202-Mud-Pumps-in-Transit-to-Zimbabwe.png?fit=606%2C319&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2022\/07\/Exalo-Rug-202-Mud-Pumps-in-Transit-to-Zimbabwe.png?fit=606%2C319&ssl=1&resize=525%2C300 1.5x"},"classes":[]},{"id":12620,"url":"https:\/\/www.oilnewskenya.com\/index.php\/zimbabwe-invictus-raises-25-0m-to-fund-mukuyu-1-baobab-1-drilling-campaign\/","url_meta":{"origin":12199,"position":2},"title":"Zimbabwe: Invictus Raises $25.0m to Fund Mukuyu-1 & Baobab-1 Drilling Campaign","author":"","date":"September 6, 2022","format":false,"excerpt":"Invictus Energy\u00a0has announced a\u00a0private\u00a0placement\u00a0to raise\u00a0$25m\u00a0at $0.23\u00a0per share following the Company\u2019s decision to sole fund the\u00a0initial drilling campaign\u00a0in Zimbabwe\u2019s Cabora Bassa Basin. Following the assessment of a range of options,\u00a0including farm-in\u00a0bids\u00a0from\u00a0multiple interested\u00a0parties,\u00a0Invictus\u2019\u00a0Board and Management\u00a0elected\u00a0to sole fund the\u00a0initial stages of the\u00a0Company\u2019s high-impact\u00a0drilling campaign, which will target the Mukuyu and Baobab (Basin\u00a0Margin) prospects.\u2026","rel":"","context":"In "Southern Africa"","block_context":{"text":"Southern Africa","link":"https:\/\/www.oilnewskenya.com\/index.php\/category\/countries\/southern-africa\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":11470,"url":"https:\/\/www.oilnewskenya.com\/index.php\/zimbabwe-invictus-raising-5-5m-to-support-the-development-of-the-cabora-bassa-project\/","url_meta":{"origin":12199,"position":3},"title":"ZIMBABWE: Invictus Raising $5.5m to Support the Development of the Cabora Bassa Project","author":"","date":"December 30, 2021","format":false,"excerpt":"Invictus Energy has announced 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 (Capital Raising). Invictus Managing Director Scott Macmillan commented: \u201cWe are pleased to offer our long-term and loyal shareholders the right to participate in\u2026","rel":"","context":"In "Countries"","block_context":{"text":"Countries","link":"https:\/\/www.oilnewskenya.com\/index.php\/category\/countries\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2020\/07\/Zimbabwe-Cabora-Bassa.jpg?fit=570%2C797&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2020\/07\/Zimbabwe-Cabora-Bassa.jpg?fit=570%2C797&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2020\/07\/Zimbabwe-Cabora-Bassa.jpg?fit=570%2C797&ssl=1&resize=525%2C300 1.5x"},"classes":[]},{"id":13657,"url":"https:\/\/www.oilnewskenya.com\/index.php\/zimbabwe-invictus-energy-hopes-to-raise-up-to-a20m-to-fund-exploration-and-appraisal-work-in-cabora-bassa-basin\/","url_meta":{"origin":12199,"position":4},"title":"ZIMBABWE: Invictus Energy Hopes to Raise up to A$20m to fund exploration and appraisal work in Cabora Bassa basin","author":"","date":"May 3, 2023","format":false,"excerpt":"Invictus Energy has launched a Share Purchase Plan and the shortfall offer to raise up to A$10m to fund exploration and appraisal work in Zimbabwe's Cabora Bassa basin. Invictus had already raised $8,745,000 under the Placement and is also seeking shareholder approval at the General Meeting to raise a further\u2026","rel":"","context":"In "Countries"","block_context":{"text":"Countries","link":"https:\/\/www.oilnewskenya.com\/index.php\/category\/countries\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2023\/05\/Zimbabwe-cabora-basin-license-map.png?fit=632%2C432&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2023\/05\/Zimbabwe-cabora-basin-license-map.png?fit=632%2C432&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2023\/05\/Zimbabwe-cabora-basin-license-map.png?fit=632%2C432&ssl=1&resize=525%2C300 1.5x"},"classes":[]},{"id":13867,"url":"https:\/\/www.oilnewskenya.com\/index.php\/zimbabwe-rig-mobilisation-to-mukuyu-2-commences\/","url_meta":{"origin":12199,"position":5},"title":"ZIMBABWE: Rig Mobilisation to Mukuyu-2 Commences","author":"","date":"August 11, 2023","format":false,"excerpt":"Invictus Energy has announced the commencement of the Exalo Rig 202 mobilisation to Mukuyu-2 wellsite at its 80% owned and operated Cabora Bassa Project in Zimbabwe. 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