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Invictus Energy Limited ( (AU:IVZ) ) has provided an update.
Invictus Energy Ltd has announced the renewal of its Special Grant 4571 licence for an additional three years, allowing the company to continue its exploration activities in Zimbabwe’s Cabora Bassa Basin. This extension, approved by the Minister of Mines and Mining Development, enables Invictus to execute a comprehensive work program, including 3D seismic acquisition and further drilling, potentially enhancing its position in the energy sector and impacting its stakeholders positively.
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, with a primary asset portfolio located in the Cabora Bassa Basin in Zimbabwe. The company is involved in exploration activities, including the Mukuyu gas field and other Basin Margin prospects.
YTD Price Performance: -1.25%
Average Trading Volume: 1,599,800
Technical Sentiment Consensus Rating: Hold
Current Market Cap: A$126.7M
See more insights into IVZ stock on TipRanks’ Stock Analysis page.
