[MEDIA] “We have been seized with negotiating a production...

“We have been seized with negotiating a production sharing agreement with the investor,” said Mines minister Winston Chitando. “The production sharing draft agreement is almost in place.”

He said actual work on the ground was expected to begin next month with geophysical activities, adding that the drilling of the test wells was scheduled to start in the third quarter of 2021.

He said two test wells would be drilled, one which is four kilometres in length, with the other being two kilometres in length.He said a total of US$20 million would be spent by GeoAssociates for the exploration process over an area of 100 000 hectares.”



The biggest signal yet that this is full steam ahead with government support. The minister also notes that two wells will be drilled, not one. Hopefully this is the case for the farm out but wait and see.


It’s been a wait, but it sounds like it’s finally all come together, next few weeks should be very good!