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The latest announcement is out from Invictus Energy Limited ( (AU:IVZ) ).
Invictus Energy reported that the Cabora Bassa Petroleum Production Sharing Agreement is expected to be executed in the first quarter of 2026, while planning continues for the Musuma-1 drilling campaign slated to start in the first half of 2026 and for appraisal activities at the Mukuyu Gas Field. On the corporate front, the company has terminated its subscription and joint venture agreements with Al Mansour entities and is now in discussions with alternative strategic, funding and industry partners, while also confirming the passage of all AGM resolutions and appointing its CFO, Vicky McLellan, as Joint Company Secretary, underscoring a period of strategic repositioning as it advances toward gas development in Zimbabwe.
The most recent analyst rating on (AU:IVZ) stock is a Sell with a A$0.06 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 Limited is an independent upstream oil and gas company headquartered in Perth, Australia, with operations focused on the Cabora Bassa Basin in Zimbabwe, where it is transitioning from an exploration-focused business to a gas field developer following a significant discovery at the Mukuyu Gas Field.
Average Trading Volume: 5,277,031
Technical Sentiment Signal: Strong Sell
Current Market Cap: A$89.8M
Find detailed analytics on IVZ stock on TipRanks’ Stock Analysis page.