Invictus Energy to Drill High-Impact Well in Zimbabwe’s Cabora Bassa Basin

Invictus Energy Limited ( (AU:IVZ) ) has issued an announcement.

Invictus Energy Ltd has announced the selection of Musuma-1 as the first high-impact exploration well to be drilled outside the Mukuyu gas-condensate discovery area in the Cabora Bassa Basin. The well targets a significant resource potential of 1.2 Tcf of gas and 73 million barrels of condensate, with drilling preparations set for the second half of 2025. The company is also working with the Zimbabwean Government to unify the Petroleum Exploration Development and Production Agreement and the Petroleum Production Sharing Agreement, which is expected to streamline administrative processes and strengthen governance as the project progresses.

More about Invictus Energy Limited

Invictus Energy Ltd is an independent oil and gas exploration company focused on high impact energy resources in sub-Saharan Africa. The company holds a highly prospective 360,000 hectares within the Cabora Bassa Basin in Zimbabwe, which includes the Mukuyu gas field and multiple Basin Margin prospects.

YTD Price Performance: -37.04%

Average Trading Volume: 1,466,842

Technical Sentiment Signal: Strong Buy

Current Market Cap: A$81.78M

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