Australia-listed Interpose Holdings is set to acquire an 80% interest in a gas-condensate project in Zimbabwe’s onshore Cabora basin.

Interpose will gain an 80% stake in the SG4571 permit through the acquisition of Australian incorporated company Invictus Energy Resources.

Invictus is the operator of the Cabora Bassa project in SG4571 which covers 250,000 acres and contains the Mzarabani prospect which Impose claims to be potentially the largest, seismically defined, undrilled hydrocarbon structure onshore Africa.

Interpose’s newly appointed managing director Scott Macmillan said the company had a “low cost, high-impact” work programme planned to progress the prospect to either a farm-out or drill ready status.