The government of Zimbabwe has announced that gas has been discovered in Muzarabani , the statement reads
- The Government of Zimbabwe is pleased to announce that Geo Associates
and its partners Invictus Energy and One Gas Resources have successfully
declared a gas discovery in Zimbabwe through the ongoing exploration
activities in Muzarabani. This is a major discovery and represents one of
the most significant developments in the onshore Oil and Gas Sector in the
Southern Africa Region. The discovery is the first Triassic aged
hydrocarbon in Sub Saharan Africa. - Geo Associates has delivered an exceptional result from the first two wells
drilled in Mukuyu, opening up substantial room in their large portfolio of
prospects and leads for further discoveries. The results were shared as
should be the norm have now been shared with Government. The company
has also proceeded to make this announcement at Australian Stock
Exchange as per listing requirements. - A total of four hydrocarbon samples were recovered to the surface from
two separate zones in the Upper Angwa using the wireline formation
testing tool. The samples meet key international standards and; gas and
fluid properties will be confirmed following laboratory testing. Currently
the Company is conducting further appraisal and evaluation work to
confirm the size and quality of the gas reservoirs, and to determine the
optimal development plan. The discovery also bodes well for other
prospects and leads in the remainder of the larger Cabora Bassa Basin. - This discovery is a result of the long-term partnership between Geo
Associates and the Government of Zimbabwe, with Government providing
an appropriate mining title and a conducive regulatory and fiscal
environment for the project. Zimbabwe is proud and grateful of this
