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Invictus Energy Ltd (ASX:IVZ)
ALERT: Price-sensitive ASX Announcement for IVZ
Current share price for IVZ : $0.059 -0.041 (-41%)+
Announcement
Release
22 Dec 2025 9:14AM
Price at Release
$0.100
Full Release
Summary
Invictus Energy Ltd has announced the completion of the Petroleum Production Sharing Agreement (PPSA) process for the Cabora Bassa Project in Zimbabwe, marking a significant milestone. This agreement establishes a stable, transparent, and internationally competitive legal and fiscal framework for petroleum operations in the region. It enables Invictus to advance its high-impact work program in the Cabora Bassa Basin, including the appraisal of the Mukuyu Gas Field and the drilling of the Musuma-1 exploration well. The completion of the PPSA is expected to facilitate ongoing investment and development activities, highlighting the Zimbabwean government's commitment to unlocking the country's energy potential.
Key Points
- Completion of the PPSA process for the Cabora Bassa Project.
- Establishment of a stable and transparent legal and fiscal framework.
- Advancement of the Mukuyu Gas Field appraisal.
- Plans to drill the Musuma-1 exploration well.
- Facilitation of investment and development in Zimbabwe's energy sector.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.
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