GEO Associates, an exploration company that is 80 percent owned by Invictus Energy has been granted a three-year extension to its Special Grant 4571 in Zimbabwe’s Cabora Bassa Basin paving the way for exploration and other works programmes.
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“the Minister of Mines and Mining Development, with the authorisation of the President, has, in terms of section 301 of the Mines and Minerals Act [Chapter 21:05] extended the tenure of SG 4571 licence for a further three years to 19 December 2027,” the group said in a statement this week.
The company said it plans to undertake a comprehensive work program during the third three-year licence period including 3D seismic acquisition and additional exploration/appraisal drilling and testing.