InvestSMART

Invictus Energy Ltd (ASX:IVZ)

ALERT: Price-sensitive ASX Announcement for IVZ
Current share price for IVZ : $0.066 -0.069 (-51.11%)+
Announcement
Release
27 Jan 2026 9:41AM
Price at Release
$0.135
Full Release
download
Summary
Invictus Energy Ltd announced the termination of a strategic partnership with Al Mansour Holdings (AMH) due to the latter's failure to fulfill contractual obligations under a Subscription Agreement. Initially, AMH was to acquire a 19.9% stake in Invictus and provide up to US$500 million for the Cabora Bassa Project in Zimbabwe. Despite deferrals to align with AMH's broader investment strategy in Africa, negotiations on a Revised Transaction for AMH to become a 50% shareholder fell through due to Invictus finding AMH's terms unacceptable. As a result, Invictus terminated all discussions with AMH, affirming the decision to protect its assets and shareholder interests. Invictus remains focused on its core project portfolio and is seeking alternative strategic partnerships.
Key Points
  • Invictus Energy is an independent oil and gas exploration company focusing on Sub-Saharan Africa.
  • Al Mansour Holdings was set to acquire a 19.9% stake in Invictus for A$37.8 million.
  • The partnership included AMH's commitment to provide up to US$500 million for the Cabora Bassa Project.
  • Deferral of the Subscription Agreement was initially agreed upon to align with AMH's investment plans.
  • Negotiations for AMH to become a 50% shareholder in Invictus failed due to unacceptable terms.
  • Invictus terminated the agreement due to AMH's failure to meet contractual obligations.
  • Invictus is now seeking alternative partners for strategic and funding opportunities.
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.