Zimbabwe: Invictus Energy has announced that the Cabora Bassa Project partners, comprising Invictus (80%) and One-Gas Resources (20%), have entered into a non-binding Memorandum of Understanding (MOU) with Sable Chemical Industries to progress gas supply from the Cabora Bassa Project subject to a commercial gas discovery being made from SG 4571. Sable is the sole manufacturer of agriculture grade ammonium nitrate fertiliser in Zimbabwe and a potentially large gas consumer.

Selected by SPTEC Advisory from Invictus Energy