By Zivanai Dhewa

Following President ED Mnangagwa’s press statement on the prospects of gas and oil in Muzarabani last week, Invictus Energy has announced substantial resource potential at its Cahora Basa Project.

Invictus Managing Director Scott Macmillan commented that, “The independent report by Netherlanda, Sewell and Associates Inc (NSAI) has resulted in the net mean recoverable conventional potential of 680 million barrels of oil equivalent consisting of 3,1 Tcf and 145 million barrels of condensate net to Invictus.

“The size of the Primary Upper Angwa target alone, in Muzarabani Prospect places us in giant scale field potential,” he said.”

Macmillan added that, “The estimate excludes the additional prospective horizons above and below the Upper Angwa in the Muzarabani structure as well as further plays and leads within the SG4571 area which have the potential to add material prospective resources to the Cahora Bassa Project.  The high side estimate of over 2.2 billion boe gross is enormous and confirms Muzarabani as potentially the largest undrilled seismically defined structure onshore Africa.”

Highlighting the potential that lies within the Muzarabani area, Macmillan said, “Our technical work program continues to highlight the enormous potential of the world class Muzarabani Prospect in our Cahora Bassa Project.”

The Cahora Bassa Project encompasses the Muzarabani Prospect, a multi-TCF conventional gas condensate target which is potentially the largest, undrilled seismically defined structure onshore Africa.  The prospect is defined by a robust dataset acquired by Mobile in the early 1990s that includes seismic, gravity, aeromagnetic and geochemical data.