Zimbabwe: Invictus Raises $25.0m to Fund Mukuyu-1 & Baobab-1 Drilling Campaign

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 in Zimbabwe’s Cabora Bassa Basin. Following the assessment of a range of options, including farm–in bids from multiple … Read More

ZIMBABWE: Invictus Awarded Indigenous Forests to Offset Emissions Generated from the Cabora Bassa Project

Invictus Energy has entered a 30-year 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 … Read More

ZIMBABWE: Invictus Energy Reports 2.7-fold in Mukuyu Prospect Assessment

Invictus Energy reports it has received an updated Independent Report from ERCE estimating substantial resource potential at its Cabora Bassa Project. ERCE estimates the gross mean recoverable conventional potential of … Read More

ZIMBABWE: Seismic Inversion Results Show Potential for Multiple Stacked Hydrocarbon Bearing Zones in Mukuyu Prospect

Seismic inversion results show potential for multiple stacked hydrocarbon bearing zones in new Post Dande target (Horizon 200). Further quantitative analysis (QA) studies continue to provide support for the presence … Read More

ZIMBABWE: Cluff Energy Africa, 2 Others Show Interest in Cabora Bassa Basin

Farm-in bids received Invictus Energy reports it has received three farm-in offers for the Cabora Bassa Project including an updated bid from Cluff Energy Africa. Ongoing due diligence and internal … Read More

ZIMBABWE: Invictus Energy’s SG 4571 Permit Increased Sevenfold

Invictus’ owned subsidiary Geo Associates (Pvt) Ltd and the Sovereign Wealth Fund of Zimbabwe (SWFZ) have executed a Heads of Agreement  to increase Special Grant 4571 (SG 4571) licence area … Read More