Invictus to start exploration programme in Zimbabwe in June
Australia-listed Invictus Energy will begin a two-well exploration programme in Zimbabwe in June, the company said on February 15.
Invictus has contracted Exalo Rig 202 to perform the drilling work while Baker Hughes will provide integrated well services. The company last month raised A$8mn ($5.7mn) to support the development of the Cabora Bassa project.
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Invictus-operated Cabora Bassa project in Zimbabwe comprises the Mzarabani and Msasa gas and condensate prospects, which the company describes as "world-class multi-trillion ft3" plays. The project received environmental approval from Zimbabwean authorities in August 2020.