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Invictus Energy Limited ( (AU:IVZ) ) just unveiled an announcement.
Invictus Energy Ltd has been granted National Project Status for its Cabora Bassa Project in Zimbabwe, marking a significant step in its development. This status, along with the finalization of the Petroleum Production Sharing Agreement terms, provides fiscal and non-fiscal benefits that will aid in advancing the project towards commercial gas production, enhancing Zimbabwe’s energy landscape and offering long-term value for shareholders.
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, including the newly discovered Mukuyu gas field and multiple Basin Margin prospects.
Average Trading Volume: 4,433,875
Technical Sentiment Signal: Buy
Current Market Cap: A$272.6M
See more insights into IVZ stock on TipRanks’ Stock Analysis page.