Australian Company Clarifies On The Discovery Of Oil In Zimbabwe, Says Still Exploring

An Australian Oil Company, Invictus Energy Limited, says that it did not announce the discovery of oil and gas deposits in Zimbabwe. There have been reports in various media outlets that the company had discovered oil and gas deposits in Muzarabani, Northen Zimbabwe. Invictus has however clarified its position on the “discovery”. In a statement, the company said

On 1 November 2018, Invictus management attended a press conference hosted by the Zimbabwe President, His Excellency CDE E.D. Mnangagwa and the Minister of Mines Hon. Winston Chitando in Harare… At no time did President Mnangagwa state that an oil discovery had been made in Zimbabwe, but that the exploration activity being undertaken by Invictus had positive indications and that an exploration well would be drilled to confirm the potential of the Muzarabani Prospect.

More: New Zimbabwe