IVZ
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Company News
Invictus Energy Partners with Qatar’s Al Mansour to Support Cabora Bassa Production Push
Invictus Energy (ASX: IVZ) has struck a transformative deal with Qatar’s Al Mansour Holdings, securing a strategic partner and long-term funding for its Cabora Bassa project in Zimbabwe. The agreement gives Al Mansour a 19.9% equity stake in Invictus at a premium, alongside a commitment of up to US$500 million in conditional future funding to […]
Invictus, Kinetiko and D3 making big plays in African energy sector
Three Australian oil and gas juniors have made big moves today that could completely change southern Africa’s energy future. Operating in Zimbabwe and South Africa, the companies are targeting major gas developments in a region currently struggling to find new energy sources. Invictus placement Oil and gas project developer Invictus Energy (ASX: IVZ) has received […]
Invictus Energy secures $15.2m backing for development of Cabora Bassa project in Zimbabwe
Invictus Energy (ASX: IVZ) has found major backing for its plans to develop the Cabora Bassa project in Zimbabwe—considered one of the biggest recent onshore discoveries in southern Africa. The Australian junior is to receive approximately $15.2 million in support for its development plans after entering into a binding share subscription offer with Mangwana Capital. […]
Energy issues continue to plague Zimbabwe’s mining sector as gold output falls 15%
Major energy supply issues continue to threaten Zimbabwe, with reports coming out of the southern African nation of significant impacts on mining production. New data has revealed that the country’s gold production fell by 15% to 30 tonnes in 2023, with a continuing power crisis cited as having a major impact. The local Chamber of […]
Invictus Energy sees Mukuyu discovery as one of southern Africa’s most significant oil and gas developments
Invictus Energy (ASX: IVZ) has labelled its Mukuyu gas find in Zimbabwe an official “discovery” after obtaining further strong results from the Mukuyu-2 well at its 80%-owned and operated Cabora Bassa project. The company’s assessment from the results of the two wells drilled so far at Mukuyu has also led to it describing the discovery […]
Market wrap: Melbourne Cup day rate rise stunts market rally
The high likelihood of a Melbourne Cup Day rise in official interest rates combined with weakness on Wall Street ensured that the Australian share market remained subdued and just above a yearly low. Despite some resistance in the form of a 14.6 point or 0.2% rise in the ASX 200 to reach 6826.9 points on […]
Invictus Energy hits strong gas shows on multiple levels at Mukuyu-2
Invictus Energy’s (ASX: IVZ) plans to become a major gas supplier to an energy hungry Zimbabwe have been further boosted by further promising early results from the Mukuyu-2 appraisal well. The company has encountered strong gas shows in multiple Upper Angwa reservoirs at the Mukuyu-2 well, which is located in the 80% owned and operated […]
Invictus Energy confirms working hydrocarbon system at Mukuyu-1 exploration well
Independent upstream oil and gas company Invictus Energy (ASX: IVZ) has confirmed the presence of a working hydrocarbon system at its 80%-owned Mukuyu-1 well in Zimbabwe’s Cabora Bassa basin. Elevated mud gas peaks of up to 65 times above the background gas baseline have been observed while drilling to 3070mMD (metres measured depth), alongside marked […]
Invictus Energy reveals ‘giant’ maiden resource for Zimbabwe gas and condensate project
Oil and gas explorer Invictus Energy (ASX: IVZ) has announced a maiden prospective resource for its 80%-owned Cabora Bassa gas and condensate project in Zimbabwe. The Africa-focused company emerged from a trading halt this morning to reveal an independent assessment has estimated a “giant” recoverable potential of 850.1 million barrels of oil equivalent, consisting of […]