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An update from Invictus Energy Limited ( (AU:IVZ) ) is now available.
Invictus Energy Limited has announced the renewal of its Exclusive Prospecting Orders 1848 and 1849 in Zimbabwe’s Cabora Bassa Basin for an additional three-year term. This renewal enables the company to proceed with a comprehensive exploration program, including the drilling of the Musuma-1 well, targeting substantial gas and condensate resources. The renewal strengthens Invictus Energy’s strategic position in the region, potentially impacting its operations and offering significant opportunities for stakeholders.
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 has a significant asset portfolio, including 360,000 hectares within the Cabora Bassa Basin in Zimbabwe, featuring the newly discovered Mukuyu gas field and multiple Basin Margin prospects.
Average Trading Volume: 6,905,609
Technical Sentiment Signal: Buy
Current Market Cap: A$344.7M
See more data about IVZ stock on TipRanks’ Stock Analysis page.