Petroleum Production Sharing Agreement with Republic of Zimbabwe advancing forimplementationIn February 2024, the Invictus Energy Board met in-country with multiple key stakeholders.This included several meetings with the top levels of Zimbabwean Government.Since the confirmation of a gas-condensate discovery from the Mukuyu-2 well there hasbeen a strong commitment from the Zimbabwe Government to progress and complete theimplementation Petroleum Production Sharing Agreement (PPSA).The PPSA will provide a stable and transparent legal and fiscal framework across the life ofthe Cabora Bassa Project and anticipated to deliver several additional large internationalparties with the necessary confidence to progress additional proposals on farm-in andalternative financing options for the Company.
Petroleum Production Sharing Agreement with Republic of Zimbabwe...
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