comparemela.com

Latest Breaking News On - புவி கூட்டாளிகள் - Page 2 : comparemela.com

Invictus inks licence deal with Zimbabwe

Invictus inks licence deal with Zimbabwe
naturalgasworld.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from naturalgasworld.com Daily Mail and Mail on Sunday newspapers.

Invictus Energy Muzarabani oil agreement okayed

INVICTUS Energy, the Australia Stock Exchange (ASX) listed firm exploring for oil and gas in Zimbabwe’s Muzarabani area, has received an inter-ministerial approval for its petroleum development and production agreement (PEDPA), which sets the terms and rights of all parties.    This comes after Invictus recently said it had received a non-binding offer for a farm-in agreement to the Cahorra Bassa prospective area, located in the Muzarabani area.    The PEDPA with the Government provides the framework for progression and development of the oil and gas project, terms and rights of all parties, including each part’s entitled share of the product, assuming commercial discovery. 

Invictus Commends Conducive Environment - Zimbabwe Today

Invictus Commends Conducive Environment INVICTUS Energy, the Australia Stock Exchange (ASX) listed company exploring for oil and gas in Zimbabwe, has commended the Government for creating a conducive environment that promotes investment. This comes after the company received a non-binding offer for farm-in to the Cabora Bassa (Muzarabani) oil and gas Project and had approvals for gas exploration, development and production endorsed. The proposed farm-in offer is subject to completion of further technical, legal and commercial due diligence by both parties, approvals and agreements by relevant Government authorities and execution of binding Farm Out Agreement(s). Invictus Energy and its partners are also working on a Petroleum Product Sharing Agreement (PPSA), which contains the fiscal provisions of the project, including the Government’s profit/product share, which takes effect following the commencement of the production phase of the project.

© 2024 Vimarsana

vimarsana © 2020. All Rights Reserved.