Invictus Energy  has announced a private placement to raise $25m at $0.23 per share following the Company’s decision to sole fund the initial drilling campaign of two high impact exploration wells aimed at unlocking the resource potential of the Cabora Bassa Basin in Zimbabwe. Following the assessment of a range of options, including farm-in bids […]

Invictus Energy Limited has provided an update on the activities of its 80% owned and operated Cabora Bassa project in Zimbabwe. Assignment of exploration rights to EPO 1848 and EPO 1849 by Sovereign Wealth Fund of Zimbabwe Invictus’ 80% owned subsidiary Geo Associates (Pvt) Ltd (Geo Associates) and the Sovereign Wealth Fund of Zimbabwe (SWFZ) […]

The Company has entered a 30-year contract (the “Contract”) with the Forestry Commission of Zimbabwe (FCZ) for the development of the Ngamo-Gwayi-Sikumi (NGS) REDD+ project, which is renewable for a further 30 years, as part of the company’s sustainable plan to manage emissions. The NGS REDD+ project will enable the Company to fully offset all […]

Invictus Energy has provided an update on the activities of its 80% owned and operated Cabora Bassa project in Zimbabwe. Mukuyu-1 prospective resource upgraded to 20 Tcf + 845 million barrels of conventional gas condensate (gross mean unrisked basis) Invictus has received an updated Independent Report from ERCE estimating substantial resource potential at its Cabora […]

Invictus Energy has provided an update on the activities of its 80% owned and operated Cabora Bassa project in Zimbabwe. Integrated well services contract awarded to Baker Hughes Invictus confirms it has executed a binding well services contract with Baker Hughes for its basin opening drilling campaign in the Muzarabani-Mbire area of Zimbabwe, scheduled to […]

Invictus Energy with 80% owned and operated Cabora Bassa Project in Zimbabwe has received three farm-in offers for the Cabora Bassa Project including an updated Farm-in bid from Cluff Energy Africa. Ongoing due diligence and internal approvals are being undertaken by additional parties which may result in further bids being received. The Company is assessing […]

Invictus Energy Limited (“Invictus” or “the Company”), is pleased to provide an update on the activities of its 80 per cent owned and operated CaboraBassa project in Zimbabwe. Farm-in process update Invictus has granted Cluff Energy Africa’s (“CEA”) request to extend its farm-in option expiry (see ASX release on 9 December 2021) and submit an […]

Invictus confirms it has executed a binding drilling rig contract with Exalo Drilling to drill the Muzarabani-1 exploration well and an option for an additional exploration well for the basin opening drilling campaign, scheduled to commence in June 2022. The contract comes after Invictus entered an MOU with the company last December and involves the […]

Invictus Energy has provided an update on the activities of its 80 per cent owned and operated CaboraBassa project in Zimbabwe. Data processing of the 2021 CaboraBassa 2D Seismic Survey (“CB21 survey”) and concurrent reprocessing of a legacy Mobil dataset has largely been completed by onshore high resolution data specialists Earth Signal Processing in Calgary, […]

The Zimbabwean authorities with the support of the United Nations Fund for SDGs, have set up a Renewable Energy Fund (REF) of $45 million scheme to attract investment in hydropower, solar and biomass. The country which has been hit by drought in recent years, has committed itself since COP 26 in reducing its greenhouse gas […]