{"id":14425,"date":"2024-07-23T12:46:59","date_gmt":"2024-07-23T12:46:59","guid":{"rendered":"https:\/\/www.oilnewskenya.com\/?p=14425"},"modified":"2024-07-23T12:46:59","modified_gmt":"2024-07-23T12:46:59","slug":"zimbabwe-sg-4571-licence-renewed-for-further-3-year-term","status":"publish","type":"post","link":"https:\/\/www.oilnewskenya.com\/index.php\/zimbabwe-sg-4571-licence-renewed-for-further-3-year-term\/","title":{"rendered":"ZIMBABWE: SG 4571 Licence Renewed for Further 3 year term"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\">Geo Associates (Pvt) Ltd (Geo Associates), the Company\u2019s 80% owned subsidiary and holder of<br>Special Grant 4571 has received notification that its application to extend the tenure of the SG<br>4571 licence for a further three years has been approved by the Mining Affairs Board. This will<br>be followed by publication in the Government Gazette.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The exploration licence for the third period for SG 4571 runs to June 2027. The Company plans<br>to undertake a comprehensive work program for the third three-year exploration period<br>including 3D seismic acquisition and additional exploration\/appraisal drilling.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The Company is able to apply for a production special grant licence at any stage.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Geo Associates (Pvt) Ltd (Geo Associates), the Company\u2019s 80% owned subsidiary and holder ofSpecial Grant 4571 has received notification that its application to extend the tenure of the SG4571 licence &hellip; <a href=\"https:\/\/www.oilnewskenya.com\/index.php\/zimbabwe-sg-4571-licence-renewed-for-further-3-year-term\/\" class=\"more-link\">Read More<\/a><\/p>\n","protected":false},"author":24,"featured_media":14426,"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":false,"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":[7808,8080,2767],"class_list":["post-14425","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-countries","category-southern-africa","category-top-news","tag-cabora-bassa","tag-sg-4571","tag-zimbabwe","entry"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2024\/07\/Zimbabwe-SG-4571.png?fit=1024%2C505&ssl=1","jetpack_shortlink":"https:\/\/wp.me\/p5JWkQ-3KF","jetpack-related-posts":[{"id":12086,"url":"https:\/\/www.oilnewskenya.com\/index.php\/zimbabwe-invictus-energys-sg-4571-permit-increased-sevenfold\/","url_meta":{"origin":14425,"position":0},"title":"ZIMBABWE: Invictus Energy&#8217;s SG 4571 Permit Increased Sevenfold","author":"","date":"March 28, 2022","format":false,"excerpt":"Invictus\u2019 owned subsidiary Geo Associates (Pvt) Ltd and the Sovereign Wealth Fund of Zimbabwe (SWFZ) have executed a Heads of Agreement\u00a0 to increase Special Grant 4571 (SG 4571) licence area from 100,000 hectares to 709,300 hectares. Under the HoA the SG 4571 licence and application area will be amalgamated with\u2026","rel":"","context":"In &quot;Countries&quot;","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\/03\/HOA-Signing-Ceremony-with-Hon.-Mthuli-Ncube-Minister-for-Finance-Planning-and-Economic-Development-Planning-with-Mr-Paul.png?fit=572%2C429&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2022\/03\/HOA-Signing-Ceremony-with-Hon.-Mthuli-Ncube-Minister-for-Finance-Planning-and-Economic-Development-Planning-with-Mr-Paul.png?fit=572%2C429&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2022\/03\/HOA-Signing-Ceremony-with-Hon.-Mthuli-Ncube-Minister-for-Finance-Planning-and-Economic-Development-Planning-with-Mr-Paul.png?fit=572%2C429&ssl=1&resize=525%2C300 1.5x"},"classes":[]},{"id":14621,"url":"https:\/\/www.oilnewskenya.com\/index.php\/zimbabwe-invictus-energy-receives-special-grant-4571-licence-for-further-3-yearterm\/","url_meta":{"origin":14425,"position":1},"title":"ZIMBABWE: Invictus Energy Receives Special Grant 4571 Licence for further 3 year term","author":"","date":"January 13, 2025","format":false,"excerpt":"Invictus Energy the operator of the 80% owned SG 4571 licence in Zimbabwe\u2019s Cabora Bassa Basin containing Mukuyu Discovery reports he Minister of Mines and Mining Development has renewed its for further 3 year term. The renewal, with the authorisation of the President, has, in terms of section 301 of\u2026","rel":"","context":"In &quot;Countries&quot;","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\/04\/Zimbabwe-Cabora-Bassa.png?fit=479%2C663&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":8756,"url":"https:\/\/www.oilnewskenya.com\/index.php\/zimbabwe-invictus-energy-receives-license-renewal-for-the-cabora-bassa-project\/","url_meta":{"origin":14425,"position":2},"title":"ZIMBABWE: Invictus Energy Receives License Renewal for the Cabora Bassa Project","author":"","date":"August 5, 2020","format":false,"excerpt":"Invictus Energy has received approval of its application to renew the investment licence from the Zimbabwe Investment and Development Authority (ZIDA). ZIDA is the investment promotion body set up to promote and facilitate both foreign direct investment and local investment in Zimbabwe. The investment licence provides formal recognition of the\u2026","rel":"","context":"In &quot;Countries&quot;","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":12324,"url":"https:\/\/www.oilnewskenya.com\/index.php\/zimbabwe-invictus-energy-commences-rig-mobilization-to-cabora-bassa\/","url_meta":{"origin":14425,"position":3},"title":"ZIMBABWE: Invictus Energy Commences Rig Mobilization to Cabora Bassa","author":"","date":"June 8, 2022","format":false,"excerpt":"Invictus Energy has confirmed that following the completion of clearing procedures and documentation, the Exalo Rig 202 has commenced mobilization from Songo Songo Island in Tanzania to Cabora Bassa. The rig and associated equipment will arrive over the course of June and commence rig up to drill the first of\u2026","rel":"","context":"In &quot;Countries&quot;","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\/06\/Exalo-202-Rig-Mobilization.png?fit=485%2C643&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":12572,"url":"https:\/\/www.oilnewskenya.com\/index.php\/zimbabwe-invictus-expands-cabora-bassa-exploration-licence-footprint\/","url_meta":{"origin":14425,"position":4},"title":"ZIMBABWE: Invictus Expands Cabora Bassa Exploration Licence Footprint","author":"","date":"August 17, 2022","format":false,"excerpt":"Assignment of exploration rights to EPO 1848 and EPO 1849 by Sovereign Wealth Fund of Zimbabwe Invictus\u2019 80% owned subsidiary Geo Associates (Pvt) Ltd and the Sovereign Wealth Fund of Zimbabwe have executed an assignment agreement for the exploration rights to Exclusive Prospecting Orders (EPOs) 1848 and 1849. EPOs 1848\u2026","rel":"","context":"In &quot;Countries&quot;","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\/08\/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\/2022\/08\/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\/2022\/08\/Zimbabwe-cabora-basin-license-map.png?fit=632%2C432&ssl=1&resize=525%2C300 1.5x"},"classes":[]},{"id":10274,"url":"https:\/\/www.oilnewskenya.com\/index.php\/zimbabwe-invictus-energy-provides-quarterly-activities-report\/","url_meta":{"origin":14425,"position":5},"title":"ZIMBABWE: Invictus Energy Provides Quarterly Activities Report","author":"","date":"April 29, 2021","format":false,"excerpt":"HIGHLIGHTS \u2022 Petroleum Exploration Development and Production Agreement (PEDPA) signed with Republic of Zimbabwe \u2022 PEDPA provides the licence holder the right to enter into a 25 year production licence following exploration periods \u2022 Completed capital raise of $8m via Private Placement to sophisticated and institutional investors \u2022 Proceeds from\u2026","rel":"","context":"In &quot;Countries&quot;","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":[]}],"jetpack_sharing_enabled":true,"jetpack_likes_enabled":true,"_links":{"self":[{"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/posts\/14425","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/users\/24"}],"replies":[{"embeddable":true,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/comments?post=14425"}],"version-history":[{"count":1,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/posts\/14425\/revisions"}],"predecessor-version":[{"id":14427,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/posts\/14425\/revisions\/14427"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/media\/14426"}],"wp:attachment":[{"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/media?parent=14425"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/categories?post=14425"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/tags?post=14425"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}