Invictus subsidiary wins extension on Mukuyu licence onshore Zimbabwe

The Mukuyu Discovery onshore Zimbabwe will see further action as Invictus Energy Limited's 80%-owned subsidiary, Geo Associates, has received a license extension for an additional three years 

The SG 4571 Licence that contains the Cabora Bassa Basin was approved by the Minister of Mines and Mining Development for extension till 19 December 2027. During the third year of this period, the company has plans to undertake a comprehensive work programme that includes 3D seismic acquisition and additional exploration/appraisal drilling and testing. This follows the last extension period granted till June 2027. 

The company can apply for a production special grant licence at any stage. 

Mukuyu has revealed high quality natural gas presence folowing compositional analysis of downhole fluid.