Wednesday , July 6 2022

Australian Invictus Claims No Oil and Gas Locations in Zimbabwe Energy and Oil


Invictus Energy, Australia announced on Friday that it did not find oil and gas deposits in northern Zimbabwe, but there were references to a "functioning petroleum system" that can only be confirmed by a planned well exploration.

President Emmerson Mnangagwa told reporters on Thursday that Invictus found oil and gas deposits in the Muzarabani area and agreed to conclude a production agreement with Zimbabwe after the project had reached commercial production.

Invictus, however, in his statement to the Australian stock exchange spared Zimbabwe's expectations of the oil spill that "no oil or gas discovery has taken place."

"The future resource estimation of the Muzaraban outlook is about unexploded accumulation that poses both the risk of discovery and the development risk," said Invictus.

"Although the Cabora Basin has all the functionality of a mineral oil system, exploration can only be demonstrated by drilling a research drill."

Invited by Zimbabwe-born Invictus, Scott MacMillan, on Thursday attended Mnangagwa's press conference.

Winston Chitando, Miner Minister, said the well would cost $ 20 million in 2020 and said the Muzarabani project is the largest undrilled offshore resource in Africa.

Invictus, an independent oil and gas exploration company whose only asset is in Zimbabwe, uses the data used by Mobil Oil for the first time in the 1990s.

Chitando said that Invictus made a bigger move than Mobil because he knew better the Muzarabani basin that has a similar geological structure for Uganda and Kenya where oil is found.

The South African nation suffers from a dollar crunch that has fueled fuel shortages and the price of basic goods over the past few weeks. (Editing by Eddie Blair by Reporting by MacDonald Dzirutwe)

Source link


  1. sildenafil mail order us – buy sildenafil 150mg pill viagra price

  2. prednisolone 20mg pills – prednisolone 20mg price cialis overnight

  3. order augmentin online cheap – cialis 10mg without prescription generic cialis 10mg

  4. order bactrim 480mg – sildenafil citrate 50mg sildenafil 100mg usa

  5. cephalexin price – order cephalexin 500mg pill buy erythromycin 250mg sale

  6. sildenafil 50mg cheap – stromectol coronavirus stromectol 2mg online

  7. rhinocort us – order cialis generic buy antabuse without prescription

  8. order cefuroxime online – methocarbamol 500mg brand generic cialis 40mg

  9. buy acillin pill – buy ampicillin 500mg generic tadalafil without prescription

  10. amoxicillin brand – vardenafil tablet vardenafil 10mg us

  11. ivermectin uk – buy levitra 20mg generic order vardenafil generic

  12. purchase doxycycline generic – buy doxycycline order tadalafil 10mg without prescription

  13. cost cialis 40mg – buy provigil sale order generic provigil 100mg

  14. buy prednisone 20mg sale – order isotretinoin pill isotretinoin buy online

  15. buy prednisolone 10mg pills – sildenafil 150mg ca buy viagra 150mg without prescription

  16. order lasix pills – purchase oral stromectol ivermectin 1 topical cream

  17. brand hydroxychloroquine – hydroxychloroquine without prescription baricitinib generic

  18. buy glucophage without prescription – metformin 500mg oral order generic amlodipine 5mg

  19. lisinopril for sale online – order lisinopril pill atenolol 50mg ca

  20. buy albuterol for sale – buy dapoxetine 90mg sale dapoxetine 90mg ca

  21. synthroid price – desloratadine ca order hydroxychloroquine online

  22. purchase cialis sale – buy cialis 10mg generic viagra 100 mg

  23. order prednisone 40mg online cheap – buy accutane online cost amoxil

  24. order diltiazem online – diltiazem over the counter neurontin 800mg pill

  25. buy furosemide 100mg sale – order doxycycline 200mg generic doxycycline sale

  26. cost cenforce – crestor brand motilium canada

  27. sildenafil 50mg tablet – real viagra 100mg order tadalafil 10mg for sale

  28. purchase modafinil online cheap – order provigil 200mg pill rhinocort tablet

  29. purchase isotretinoin online – buy azithromycin 500mg online buy tetracycline generic

  30. buy flexeril 15mg – purchase flexeril generic buy propranolol for sale

  31. losartan 50mg over the counter – purchase losartan without prescription phenergan cheap

  32. order levaquin 250mg without prescription – order avodart generic cialis 10mg us

  33. tadalafil canada – cialis brand flomax buy online

  34. ondansetron 4mg canada – buy zocor generic purchase valacyclovir generic

Leave a Reply

Your email address will not be published.