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The latest update is out from Invictus Energy Limited ( (AU:IVZ) ).
Invictus Energy Ltd has entered into a strategic partnership with Al Mansour Holdings (AMH), which will acquire a 19.9% equity stake in Invictus and provide up to US$500 million in future finance to advance the Cabora Bassa Project to commercial production. This partnership also involves the establishment of a joint venture company, Al Mansour Oil & Gas (AMOG), focused on acquiring and developing oil and gas assets across Africa. This collaboration is expected to significantly enhance Invictus’s growth trajectory, providing exposure to a diversified portfolio of assets and strengthening its position in the African energy sector.
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. The company holds a significant asset portfolio within the Cabora Bassa Basin in Zimbabwe, which includes the newly discovered Mukuyu gas field and multiple Basin Margin prospects.
Average Trading Volume: 1,473,586
Technical Sentiment Signal: Sell
Current Market Cap: A$84.98M
For an in-depth examination of IVZ stock, go to TipRanks’ Overview page.