Breaking News

Invictus ready to roll out oil project

by Staff reporter
09 November 2018 | 2730 Views
Invictus Energy has capacity to handle the multi-billion dollar Cabora Bassa Project that encompasses the Mzarabani Prospect and there is nothing amiss with its funding model, managing director Scott Macmillan has revealed.

This comes as some quarters had questioned Invictus' capacity to meet the enormous financial demands for the Muzarabani Project, which might require billions of dollars if oil is to be discovered.




Invictus has already spent around $1 million in its first year and will spend another $1,5 million or so to conclude the rest of its study work. More funding will, however, be needed if and when the project moves to the drilling stage.

Invictus Oil Zimbabwe

Source: Business Weekly

Comments

Latest News

'What unites us is stronger than what divides us' argue Mnangagwa - we...

by Patrick Guramatunhu | 23 January 2019 | 0 Views

ZEC testifies in Biti case - The Zimbabwe Electoral Commission (ZEC) h...

by Staff reporter | 23 January 2019 | 170 Views

Mnangagwa mourns Tuku - President Emmerson Mnangagwa has sent a messag...

by Staff reporter | 23 January 2019 | 140 Views

ZANU PF officials disrupt lessons at secondary school - ZANU PF offici...

by Simbarashe Sithole | 23 January 2019 | 1185 Views

Tribute to Oliver 'Tuku' Mutukudzi

by Dr Masimba Mavaza | 23 January 2019 | 1323 Views

130 000 flee army killings to South Africa

by Mandla Ndlovu | 23 January 2019 | 4575 Views

'I failed to change ZANU PF from within' says Jonathan Moyo

by Mandla Ndlovu | 23 January 2019 | 4932 Views

Kombi drivers refuse to leave bus terminus - COMMUTER omnibus drivers ...

by Staff reporter | 23 January 2019 | 4382 Views

New twist in Tendai Biti case - MDC Alliance Harare East MP Tendai Bit...

by Staff reporter | 23 January 2019 | 3327 Views

BREAKING: Prophet Makandiwa cleared over 'fake prophecies'

by Staff reporter | 23 January 2019 | 2860 Views

Social Media reacts to music legend Oliver Mtukudzi's death

by Staff reporter | 23 January 2019 | 4413 Views

The fantasy that Mnangagwa would fix Zimbabwe is now fully exposed - A...

by David B Moore I The Conversation | 23 January 2019 | 2104 Views

MDC MPs languish in Hwahwa prison

by Mandla Ndlovu | 23 January 2019 | 2041 Views

Zimbabwe begins to settle IATA debt - The government has started servi...

by Staff reporter | 23 January 2019 | 746 Views

Mawarire bail hearing delayed

by Agencies | 23 January 2019 | 476 Views

'Mnangagwa beware of Chiwenga' Malema warns

by Mandla Ndlovu | 23 January 2019 | 11941 Views

Zimbabwe shutdown, a noble cause but many things went wrong!

by Nomazulu Thata | 23 January 2019 | 1499 Views

Post-Election violence commission submission - I am an independent mem...

by Terence Simbi | 23 January 2019 | 927 Views

ZANU plot against MDC officials exposed

by Bekithemba Mpofu | 23 January 2019 | 3635 Views

UK piles pressure on Mnangagwa

by ZimLive | 23 January 2019 | 7270 Views

MDCs welcome Mnangagwa's call for dialogue

by newzimbabwe | 23 January 2019 | 2586 Views

Mthuli Ncube vows bold economic turnaround

by ZimLive | 23 January 2019 | 1446 Views

Mnangagwa's move to go after rogue soldiers welcomed by analysts

by Staff reporter | 23 January 2019 | 978 Views

UK Lord urges Zimbabwe recolonisation

by newzimbabwe | 23 January 2019 | 2185 Views

High Court ruling on Internet hailed - Information, communication and ...

by Staff reporter | 23 January 2019 | 1 Views

WATCH: George Charamba defends army killings

by Mandla Ndlovu | 23 January 2019 | 501 Views

Entertainment

Oliver Mutukudzi had blood cancer?

by Mandla Ndlovu | 23 January 2019 | 113 Views

'Why do you worship guns?' Mnangagwa asked

by Mandla Ndlovu | 23 January 2019 | 1934 Views

BREAKING: Oliver Mtukudzi dies

by Mandla Ndlovu | 23 January 2019 | 10537 Views

Ailing Mtukudzi misses Coca-Cola awards

by Staff reporter | 23 January 2019 | 3135 Views

LISTEN: Tocky Vibes disses soldiers

by Mandla Ndlovu | 22 January 2019 | 3225 Views

Africa Human Rights Film Festival

by Agencies | 18 January 2019 | 150 Views

Mahlalela ropes in Omkhula in new film

by Staff reporter | 13 January 2019 | 375 Views

Sandra Ndebele reflects on music journey

by Staff reporter | 11 January 2019 | 309 Views
iBlog

Apple Watch Teardown Reveals Unique Hardware And Replaceable Parts

The apple watch may not be fine jewelry, but bill detwiler cracks it open and shows you why he thinks it's a fine piece of tech. the apple watch may be beautiful on the outside, but how about on the inside? in this cracking open installment, we go in... Read More
Sergey 11 June 2015 ago

Hp Omen 15-5116tx – The Next Generation Gaming Laptop

the hp omen 15-5116tx is being targeted at the performance hungry gamers. it comes in a single variant boasting an eye-catching attractive design. the notebook offers a slim, lightweight chassis and appears like a piece of art than an actual gaming... Read More
Sergey 11 June 2015 ago