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Invictus Energy Limited ( (AU:IVZ) ) just unveiled an update.
Invictus Energy Ltd responded to a query from the ASX regarding changes in the price and volume of its securities, clarifying that these changes followed the release of an amended Appendix 3B. The company announced a deferral in the completion of Al Mansour Holding’s placement to align with the finalization of a joint venture shareholder agreement and governance framework. This strategic move is part of Invictus Energy’s ongoing efforts to develop its high-impact exploration program in Zimbabwe, potentially impacting its market positioning and stakeholder interests.
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 headquartered in Perth, Australia, with offices in Harare, Zimbabwe. Its asset portfolio includes a significant gas discovery at the Mukuyu field within the Cabora Bassa Basin in Zimbabwe, one of the last untested large frontier rift basins in onshore Africa.
Average Trading Volume: 7,527,175
Technical Sentiment Signal: Strong Buy
Current Market Cap: A$264.6M
For a thorough assessment of IVZ stock, go to TipRanks’ Stock Analysis page.