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The latest announcement is out from Invictus Energy Limited ( (AU:IVZ) ).
Invictus Energy Ltd has announced a strategic alliance update with Al Mansour Holdings, deferring a AU$37.8 million placement under their Shareholder Subscription Agreement to a new settlement date on or before December 1, 2025. This deferment aligns with Al Mansour’s broader investment strategy in Africa and allows both parties to finalize the Al Mansour Oil & Gas Master Joint Venture Alliance and Shareholder Agreement. The partnership is seen as transformational for Invictus, enhancing its position in the Cabora Bassa Project and enabling both parties to capitalize on potential opportunities, thereby delivering value to stakeholders.
More about Invictus Energy Limited
Invictus Energy Ltd is an independent upstream oil and gas exploration company focused on high-impact energy resources in sub-Saharan Africa. The company is listed on the Australian Securities Exchange and has a significant presence in the Cabora Bassa Basin in Zimbabwe, where it has made a notable gas discovery at the Mukuyu field. Invictus Energy is committed to ethical and responsible operations, with a focus on safety and environmental respect.
Average Trading Volume: 7,527,175
Technical Sentiment Signal: Strong Buy
Current Market Cap: A$264.6M
See more insights into IVZ stock on TipRanks’ Stock Analysis page.