Invictus Energy Ends Al Mansour Deal, Seeks New Funding Partners for Zimbabwe Gas Project

An update from Invictus Energy Limited ( (AU:IVZ) ) is now available.

Invictus Energy has terminated its strategic partnership and subscription agreement with Al Mansour Holdings after the parties failed to agree on a revised transaction structure that would have seen AMH and associated Qatari investors potentially acquire up to 50% of the company. Invictus said terms sought by AMH were unacceptable, conflicted with ASX and ASIC requirements, and that AMH’s conduct indicated it did not intend to fulfil its A$37.8 million equity commitment or provide the previously flagged conditional funding of up to US$500 million for the Cabora Bassa Project, prompting Invictus to cease all discussions to protect its assets, governance standards and shareholder interests. The company stressed it remains focused on advancing its Cabora Bassa portfolio and is in talks with alternative strategic, funding and industry partners, expressing confidence it can secure value-accretive deals that support its forward work programme and align with shareholder priorities.

The most recent analyst rating on (AU:IVZ) stock is a Hold with a A$0.14 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 oil and gas exploration company focused on high-impact energy resources in sub-Saharan Africa, with a core asset position of about 360,000 hectares in Zimbabwe’s Cabora Bassa Basin. Its licences, including SG 4571 and EPOs 1848/49, host the newly discovered Mukuyu gas field and multiple basin margin prospects, positioning the company as an emerging upstream player targeting frontier gas developments in the region.

Average Trading Volume: 3,022,504

Technical Sentiment Signal: Buy

Current Market Cap: A$216.5M

See more data about IVZ stock on TipRanks’ Stock Analysis page.