Results from an analysis of samples from drilling conducted last year confirmed “the presence of light oil and rich natural gas-condensate, with condensate gas ratios estimated at between 30 to 135 barrels per million cubic feet”, an Invictus Energy statement said.
Shares in Invictus rose 8.7 per cent.AdvertisementIt could be years before Zimbabwe starts commercial production of any of the deposits. Neighbouring Mozambique only started exporting liquefied natural gas last year after discovering reserves off its coast in 2010.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Energy Energy Latest News, Energy Energy Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Energy investors ‘don’t get any love from the Labor party’: CanavanNationals Senator Matt Canavan says Labor doesn’t seem to “care” about bringing investors into the Australian resource market. “I’m not against a proper reform here of the tax situation involving the detail of the PRRT, the review the government’s flagging as one the former Coalition government instituted … the government’s been bagging out the design of the Petroleum Resource Rent Tax today, it’s actually a tax that was designed by Labor when they were in government,” Mr Canavan told Sky News host Amanda Stoker. “The problem is the overall messaging the government’s providing here … if you’re an investor and you’re looking at where do you want to invest in resources around the world, you don’t get any love from the Labor party ... they don’t seem to care.”
Source: SkyNewsAust - 🏆 7. / 78 Read more »
Millions of Australians to get 'several hundred dollars' in energy bill relief in BudgetThe federal government plans to provide some cost-of-living relief measures in Tuesday's budget. SBS News Chief Political Correspondent Anna Henderson discusses with Treasurer Jim Chalmers.
Source: SBSNews - 🏆 3. / 89 Read more »
Millions of Aussies set for $500 boost to fight crippling energy billsAustralians are set to receive up to $500 in relief on their power bills, a preview of the upcoming federal budget has revealed. auspol 7NEWS
Source: 7NewsAustralia - 🏆 11. / 71 Read more »
The Australians set to miss out on $500 energy reliefThousands of families doing it tough are not expected to qualify for the government’s energy relief measure, which is included in the broader $14.6 billion cost-of-living package.
Source: SkyNewsAust - 🏆 7. / 78 Read more »
‘Modest’ gas tax rise better than ‘damaging’ price capThe carrot Treasurer Jim Chalmers has offered the gas industry is exempting gas projects from a new cap on tax deductions for the first seven years of energy production.
Source: FinancialReview - 🏆 2. / 90 Read more »
The budget's cost of living package will top $14 billion. This is what we know so farThe federal government's plan to tackle cost of living pressures will include energy price relief, cheaper medicines, and a reported boost to Jobseeker payments.
Source: SBSNews - 🏆 3. / 89 Read more »