Invictus Energy Limited (AU:IVZ) has released an update.
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Invictus Energy Ltd, an oil and gas company operating in sub-Saharan Africa, has marked significant advancements in its Cabora Bassa Project in Zimbabwe, which includes well testing, appraisal planning, and a strategic capital raise of US$10 million, half underwritten by Mutapa Investment Fund. The company has also completed interpretation of seismic data leading to the identification of three drill-ready prospects and is in the process of securing a strategic partner. Furthermore, Invictus Energy has executed a pilot gas-to-power memorandum of understanding to supply energy to the Eureka Gold Mine, demonstrating its commitment to growth and operational efficiency.
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