Page 3 - Basin Margin News Today

Invictus said preparations for the Mukuyu-2 appraisal programme and Cabora Bassa Phase 2 exploration campaign were well advanced.

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Invictus Energy has announced a private Placement to raise $10.0m following the Company’s decision to advance preparations for an appraisal and exploration campaign in Zimbabwe’s Cabora Bassa Basin. The Mukuyu-2 drilling campaign is Scheduled to commence in Q3 CY23.

Upstream oil and gas company Invictus Energy will raise A$10-million in a private placement to sophisticated and institutional investors to fund preparations for the Mukuyu 2 appraisal well programme, and Phase 2 exploration programme, in Zimbabwe. The company has received firm commitments for the placement of 83.33-million new shares, at a price of 12c each,…

Invictus Energy has provided an update on operations at its 80% owned SG 4571 licence in Zimbabwe’s Cabora Bassa Basin. Preparations for the Mukuyu-2 appraisal well have commenced, with drilling currently targeted to commence in early Q3.

Market Update: 24 February 2023 Wentworth Resources PLC (AIM:WEN) & Maurel & Prom (MAU PA) - Shareholders vote in favour of deal Invictus Energy Ltd...

Oil and gas explorer Invictus Energy (ASX:IVZ) has bolstered the potential prospective resource of its Cabora Bassa project in Zimbabwe to over 5.5 billion barrels of oil equivalent (boe).

Invictus Energy has provided an update on the activities of its 80% owned and operated Cabora Bassa project in Zimbabwe. Invictus has received an updated Independent Technical Report from ERCE estimating substantial additional resource potential at Cabora Bassa, in the Basin Margin Area of the recently assigned Exclusive Prospecting Order 1849.

NewZimbabwe.com – The Zimbabwe News You Trust is Zimbabwe’s leading online newspaper and published by New Zimbabwe Media Ltd. The platform brings you the latest breaking News, Business, Showbiz, Sports, Diaspora and gives you everything you’ve come to expect and love.

Natural riches: Invictus maps out new portfolio of drill targets in Zimbabwe