Zimbabwe: Further fluid sample analysis at Mukuyu-2 confirms rich gas-condensate discovery and oil potential energy-pedia.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from energy-pedia.com Daily Mail and Mail on Sunday newspapers.
Following the two gas discoveries from the Upper and Lower Angwa reservoirs in the recently completed Mukuyu-2 / ST1 drilling campaign and the compositional analysis from fast-tracked downhole reservoir fluid samples, the analysis of additional downhole fluid samples has confirmed a rich gas-condensate discovery in Mukuyu and presence of light oil.
INVICTUS Energy has launched an entitlement issue for ordinary shares to all eligible shareholders following a private placement that raised over AUS$15 million (equivalent to US$10,2 million) to fund continued exploration and development activities in Zimbabwe. At the end of December last year, the Australia-listed firm that is scouting for oil and gas at the…