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Invictus Energy Ltd (ASX:IVZ)

ALERT: Price-sensitive ASX Announcement for IVZ
Current share price for IVZ : $0.060 0.01 (20%)+
Announcement
Release
30 Jan 2026 4:28PM
Price at Release
$0.050
Full Release
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Summary
Invictus Energy Ltd reported on its operations and financials for the quarter ending 31 December 2025. The company finalized the Petroleum Production Sharing Agreement for the Cabora Bassa Project in Zimbabwe, which establishes a stable legal and fiscal framework for petroleum production. This agreement is expected to be executed in early Q1 2026. The company is preparing for the Musuma-1 drilling campaign and appraisal activities at the Mukuyu Gas Field, both set to commence in 2026. The company is transitioning from exploration to development following a significant gas discovery at Mukuyu. Financially, Invictus reported a net decrease in cash of $1,186,000 from operating activities and a net cash used in investing activities of $733,000 for the quarter. The company is actively seeking alternative strategic and funding partners following the termination of an agreement with Al Mansour Holdings. All resolutions were passed at the company's AGM, and the CFO was appointed as Joint Company Secretary.
Key Points
  • Finalized the Petroleum Production Sharing Agreement for Cabora Bassa Project.
  • Preparing for Musuma-1 drilling campaign and Mukuyu Gas Field appraisal.
  • Transitioning from exploration to development after Mukuyu gas discovery.
  • Reported net cash decrease of $1,186,000 from operating activities.
  • Net cash used in investing activities amounted to $733,000.
  • Actively seeking alternative strategic and funding partners.
  • All resolutions passed at AGM.
  • CFO appointed as Joint Company Secretary.
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.