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Invictus seeks partner to open up Zimbabwe’s oil and gas frontier

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Christian Fernsby ▼ | June 10, 2019
Invictus Energy
African businesses   Invictus operates licence SG 4571 in the virgin Cabora Bassa rift basin

Australia-listed junior Invictus Energy is on the hunt for an adventurous partner to shoot seismic and spud at least one well in Zimbabwe on what it describes as “The largest seismically defined, undrilled structure onshore Africa”.

Invictus operates licence SG 4571 in the virgin Cabora Bassa rift basin, location of the Mzarabani prospect that Netherland Sewell Associates estimates could hold 3.9 trillion cubic feet of gas and 181 million barrels of condensate.

“For those who like frontier exploration, is does not get more frontier than this,” said Invictus managing director Scott Macmillan, a born and bred Zimbabwean whose family has been in business there since 1897.

He would not define the scale of the farm-out agreement Invictus is looking for but pointed out: “We have in mind what’s a good deal.”

Invictus has an 80% stake in the licence and is partnered by local player One-Gas Resources, chaired by Paul Chimbodza, an experienced mining executive.


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