10-05-18 by Spotlight Zimbabwe

Zimbabwe Gas-Condensate Is The Largest Undrilled In Onshore Africa

 

Invictus Energy Ltd (ASX:IVZ) managing director Scott Macmillan speaks to Proactive Investors about the oil and gas exploration company’s Cabora Bassa Project in northern Zimbabwe.
 
“It’s a fantastic asset that we’ve picked up – it was previously explored by Mobil over 30 years ago and it’s been sitting dormant, locked up for the past 25 years.
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He continues, “the basin is very exciting and the portion of acreage that we’ve picked up contains the Mzarabani prospect.
 
“It’s the largest undrilled seismically-defined structure in onshore Africa that’s got multi-trillion cubic feet potential.”

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  • Invictus Energy Ltd (ASX:IVZ) managing director Scott Macmillan speaks to Proactive Investors about the oil and gas exploration company’s Cabora Bassa Project in northern Zimbabwe.

    “It’s a fantastic asset that we’ve picked up – it was previously explored by Mobil over 30 years ago and it’s been sitting dormant, locked up for the past 25 years.

    Very interesting. The tragedy is the discovery may have just come at a time when Zimbabwe was fighting for meaningful political change. This kind of news will only encourage the Zanu PF thugs to dig in just as they did in the 2008 period after the discovery of diamonds in Marange.