Feb 2021: Invictus Energy has received a non-binding offer for farm-in to the Cabora Bassa Project and hopes to proceed with the first seismic acquisition in the country for 30 years in 2021 followed by a drilling campaign to test the potential of the basin, including the Mzarabani Prospect, a conventional gas-condensate target defined by data acquired by Mobil in the early 1990s.
No significant news in 2020.
Jul 2019: Invictus Energy (operator, 80%) announced that the independent Getech Group have estimated substantial gas and condensate resource potential at the Cabora Bassa Project in SG 4571, especially in the Mzarabani Prospect. A farmout process is underway.
Apr 2019: Invictus Energy received processed seismic data for its Cabora Bassa Project to better image the Mzarabani structure and the basin margin fault within the SG 4571 permit. The Cabora Bassa Project encompasses the Mzarabani gas/condensate prospect.
Apr 2018: Interpose Holdings (formerly Sunbird) announced that it will acquire an 80% interest and operatorship of the SG4571 Permit overlying the Cabora Bassa Basin via the acquisition of Invictus Energy Resources. The Permit contains the Mzarabani gas and condensate prospect which may be the largest, seismically defined (by Mobil in the early 1990s), undrilled rift structure in Africa.