ZIMBABWE: Mukuyu-1 Evaluation Update, Operations Completed & Phase 2 Campaign Planning Commenced

HIGHLIGHTS • Mukuyu-1 ST1 identifies 13 potential hydrocarbon bearing zones • Combined 225m gross potential hydrocarbon bearing zones identified in primary Upper Angwa target • Mukuyu-1 ST1 operations completed • … Read More

ZIMBABWE: Mukuyu-1 and sidetrack final well results and Exalo Rig 202 secured for further 12 months

Since the last update, the drill string was rigged up to conduct fishing operations to attempt to retrieve the wireline formation testing tool. The drill string with the overshot was … Read More

Zimbabwe: Invictus Raises $25.0m to Fund Mukuyu-1 & Baobab-1 Drilling Campaign

Invictus Energy has announced a private placement to raise $25m at $0.23 per share following the Company’s decision to sole fund the initial drilling campaign in Zimbabwe’s Cabora Bassa Basin. Following the assessment of a range of options, including farm–in bids from multiple … Read More

ZIMBABWE: Invictus Expands Cabora Bassa Exploration Licence Footprint

Assignment of exploration rights to EPO 1848 and EPO 1849 by Sovereign Wealth Fund of Zimbabwe Invictus’ 80% owned subsidiary Geo Associates (Pvt) Ltd and the Sovereign Wealth Fund of … Read More