Business

Invictus discovers prospective oil resource in Muzarabani

NewsDay Staff ·

Invictus discovers prospective oil resource in Muzarabani

AUSTRALIAN energy firm, Invictus Energy Limited, says it has discovered a prospective resource of 184 million barrels of oil condensate at its Cabora Bassa project in the northeastern part of the country.

The discovery of a prospective oil resource comes after the firm announced a gas discovery at its Mukuyu 2 drill site at the Cabora Bassa project, located in the Muzarabani district of Mashonaland Central province in December.

In a statement released yesterday, Invictus cautioned that these estimated quantities of petroleum that may be potentially recovered by the application of a future development project related to undiscovered accumulations.

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