Australia’s Invictus Energy Finds Condensate in Zimbabwe
- Official says it can produce gasoline, diesel and jet fuel
- Company hasn’t yet quantified the size of the discovery
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Australia’s Invictus Energy Ltd. has discovered condensate and helium in a project in northern Zimbabwe that was abandoned by Exxon Mobil Corp. in the 1990s.
“Results obtained recently from the laboratory analysis conducted do indeed confirm presence of not only natural gas, but also presence of light oil condensate as well as helium and hydrogen in the Mukuyu deposit,” Energy Minister Soda Zhemu told reporters in Zimbabwe’s capital Harare.