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Invictus Energy, which is searching for oil and gas in Muzarabani, has commenced construction at one of its targeted wellsites.
In statement on Tuesday, the Australian energy firm said:
“Invictus Energy ($IVZ/$IVCTF) has commenced construction at the Mukuyu wellsite in Zimbabwe.
“The Mukuyu structure is independently estimated to contain 8.2 Tcf + 247 million barrels of conventional gas-condensate.”