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The latest update is out from Invictus Energy Limited ( (AU:IVZ) ).
Invictus Energy Ltd has confirmed the Musuma-1 as the first high-impact exploration well to be drilled outside the Mukuyu gas-condensate discovery area, with preparations underway for drilling. The company has received updated drafts of key agreements and is in discussions to finalize terms, while the Ministry of Finance has granted National Project Status to the Cabora Bassa Project. These developments indicate progress in Invictus Energy’s operations and potential strategic partnerships, which could enhance its industry positioning and stakeholder engagement.
The most recent analyst rating on (AU:IVZ) stock is a Buy with a A$0.30 price target. To see the full list of analyst forecasts on Invictus Energy Limited stock, see the AU:IVZ Stock Forecast page.
More about Invictus Energy Limited
Invictus Energy Ltd is an independent upstream oil and gas company headquartered in Perth, Australia, with additional 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, respecting the environment, staff, contractors, and communities.
Average Trading Volume: 1,349,190
Technical Sentiment Signal: Sell
Current Market Cap: A$83.38M
For detailed information about IVZ stock, go to TipRanks’ Stock Analysis page.