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Invictus Energy Limited ( (AU:IVZ) ) has issued an announcement.
Invictus Energy Ltd has settled the terms for a Petroleum Production Sharing Agreement and received National Project Status for its Cabora Bassa Project in Zimbabwe. The company has renewed its Exclusive Prospecting Orders and is planning a high-impact drilling campaign for 2026. Additionally, Invictus has signed a binding MOU and Share Subscription Agreement with Al Mansour Holdings, which will acquire a 19.9% stake and provide US$500 million in future funding to advance the Cabora Bassa Project.
More about Invictus Energy Limited
Invictus Energy Ltd is an independent upstream oil and gas company headquartered in Perth, Australia, with offices in Harare, Zimbabwe. The company is transitioning from an explorer to a developer following a significant gas discovery at the Mukuyu Gas Field in the Cabora Bassa Basin in Zimbabwe. Invictus Energy is committed to safe, ethical, and responsible operations, with a focus on environmental respect and community engagement.
Average Trading Volume: 8,269,835
Technical Sentiment Signal: Strong Buy
Current Market Cap: A$240.5M
Find detailed analytics on IVZ stock on TipRanks’ Stock Analysis page.