Invictus Energy Announces Quarterly Report For period ending 31 DECEMBER 2024
Source: www.gulfoilandgas.com 1/24/2025, Location: Africa
QUARTERLY HIGHLIGHTS
Operational
• Final Petroleum Production Sharing Agreement (PPSA) review completed, and finalisation in progress in
preparation for execution.
• 3D seismic and additional appraisal drilling and testing at Mukuyu gas field planned.
• Next exploration drilling campaign to focus on the Musuma prospect to test the Dande play in eastern
Cabora Bassa.
• Farm out process progressing, with discussions advancing with a number of prospective partners.
Corporate
• Tranche 2 of US$10 million Zimbabwe strategic capital raise completed at AU$0.10 per share with
additional US$2 million of oversubscriptions accepted.
• Company’s AGM held, with all resolutions passed.
