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.”