Staff Reporter

The Australian Stock Exchange listed oil and gas company, Invictus Energy has commenced its Mukuyu Well-site Project which is expected to be completed by end of July this year.

Speaking through its official twitter handle, Invictus Energy informed the public and other stakeholders on progress at the projected gas site.

“Invictus Energy has commenced construction at the Mukuyu Well Site in Zimbabwe. The Mukuyu structure is independently estimated to contain 8.2 Tcf +247 million barrels of conventional gas-condensate,” reads the post.

Invictus Energy highlighted that drilling would shed light on the capacity the area may hold.

According to Invictus Energy research, Mukuyu is expected to hold more than 8 trillion cubic feet (227 billion cubic meters) and 247 million barrels of conventional gas-condensates.

The research identified Mukuyu as a large, robust, four-way dip anticline, a move which has allowed the company to plan that area as a deviated well that will test the prospect at multiple target levels along the well path on the southern flank of the structure.

In another development, the energy company has revealed that it has received three farm-in bids for its project in Zimbabwe and will provide information when a bidder is secured.