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*Australia's Invictus Energy Raises $17.2 Million For Oil Drilling Campaign In Zimbabwe* *Follow Pindula on WhatsApp for daily new updates* https://whatsapp.com/channel/0029Va84dngJP21B2nWeyM3v?tk Australia’s Invictus Energy has raised A$25 million ($17.2 million) to fund the initial oil drilling campaign in Zimbabwe’s Cabora Bassa basin. The company announced this Wednesday that the money was raised through a private placement. NewZimbabwe.com cites Invictus as saying: ---------- *HOT DEALS:* *itel A70 - (128GB, 3GB RAM) $89,* *itel A70 - (256GB, 4GB RAM) $99* *itel P40 (128GB, 4GB), (6000mAh) $99* *itel P40 (64GB, 4G), (6000mAh) $93* *LATEST: itel S24 (128) $124; S24 (256GB) $159* Cash on Delivery in Harare & Bulawayo. Tinotumira kwamuri inosvika. WhatsApp: 0️⃣7️⃣8️⃣3️⃣ 4️⃣5️⃣0️⃣ 7️⃣9️⃣3️⃣ ---------- > Following the assessment of a range of options, including farm-in bids from multiple interested parties, Invictus’ board and management elected to sole fund the initial stages of the company’s high-impact drilling campaign, which will target the Mukuyu and Baobab prospects. The company said Mukuyu-1 well drilling will cost A$10mn and Baobab-1 will cost A$13.5mn. Drilling across all seven stacked targets is anticipated to take 45 – 60 days to complete. Invictus said civil works have started at the Baobab-1 wellsite to ensure drilling can follow immediately after the completion of Mukuyu-1. The drilling of Baobab-1 is estimated to take approximately four weeks to complete, following the mobilisation of Exalo Rig 202 to the well site. *Pindula News* _If you found this article useful_ *Please support Pindula by forwarding to friends and groups*
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