IVZ media thread, page-94

NEWSFLASH, GETTING HOT !!!!



Further, Minister Chitando said amid the high optimism for commercial discovery in Muzarabani, Government had completed a production sharing agreement (PSA) draft with Invictus, the holder of 80 percent stake in the project, and terms of the deal presently are under review.

It is expected that commercial discovery of oil or gas in Muzarabani will be a serious game changer for Zimbabwe, as it will ensure energy security, growth of exports, creation of new jobs, industries and accumulation of revenue to Government among other benefits.

Invictus will drill two of the country’s first ever oil and gas test wells in October next year, at an estimated cost of US$20 million.