- Invictus Energy results of an independent report show massive potential to improve oil and gas discovery at Zimbabwe’s Cabora Bassa Project
- Total prospective resource of 9.25 tcf and 294 million barrels of conventional gas at the Mzarabani and Msasa prospects
- Mzarabani Prospect across 5 horizons it is estimated to contain 8.25 tcf and 250 million barrels of conventional gas
- Msasa Prospect in SG 4571 estimated to contain 1.05 tcf and 44 million barrels of conventional gas
Invictus Energy has announced the results of an independent report showing good potential to improve oil and gas discovery at Zimbabwe’s Cabora Bassa Project.
The report shows that 1.3 billion barrels of oil equivalent (boe) which consist of 6.5 trillion cub feet (tcf) and 200 million barrels of condensate are located at the project.
The findings have also discovered a total prospective resource of 9.25 tcf and 294 million barrels of conventional gas. These findings were found at the SG 4571 permit across the Mzarabani and Msasa prospects.
In the Mzarabani Prospect, which spans across 5 horizons, it is estimated to contain 8.25 tcf and 250 million barrels of conventional gas. While the Msasa Prospect is estimated to contain 1.05 tcf and 44 million barrels of conventional gas.
The report was conducted by Gretch Group was a 12 month study at the Cabora Bassa Project.
Masas covers 250,000 acres across northern Zimbabwe in Africa at the Cabora Bassa Project.
Independent oil and gas exploration company Invictus Energy is based in Perth, Western Australia and has offices in Zimbabwe.
Managing Director Scott Macmillan is pleased with the report.
“The Mzarabani Prospect has grown significantly in its scale and represents one of the largest conventional exploration targets globally,” he said.
Invictus has engaged with UK company Envoi, to run the farmout process for Mzarabani. The company has also received significant industry interest ahead of the data room opening and is currently writing contract agreements with companies.
The company has committed to the Scientific and Industrial Research and Development Centre to conduct an Environmental Impact Assessment (EIA) of Msasa. The EIA aims to ensure all necessary pre-drilling permits and actives are completed on schedule.