Dreams come true for Invictus
ZIMBABWE-focused junior Invictus Energy has released its estimated prospective resources for its Cabora Bassa project in the company’s 80% owned and operated SG 4571 permit, describing the resource as ‘giant’ and potentially the largest undrilled prospect in onshore Africa.
government would "work very closely" to ensure development of the field by 2020.
An independent report completed by petroleum consultancy company Netherland, Sewell and Associates, has estimated a ‘substantial' resource potential at Invictus' Cabora Bassa project in Zimbabwe.
A net mean recoverable conventional potential of 850 million barrels of oil equivalent could be just the tip of the iceberg according to the company, which identified more than 3.9 trillion cubic feet of gas and 181 million barrels of condensate.&n...
IVZ Price at posting:
5.3¢ Sentiment: Buy Disclosure: Held
