Invictus Energy Limited

Invictus Energy Limited (ASX:IVZ) is an Australian oil and gas exploration company focused on high impact energy resources in sub-Saharan Africa. The company is listed on the Australian Securities Exchange under the ticker IVZ. Invictus is exploring for oil and gas in the Cabora Bassa Basin in Zimbabwe, where it has discovered a working petroleum system at its flagship Mukuyu prospect.

The Mukuyu-1 well, drilled in 2022, established light oil and gas-condensate across multiple zones within the basin. Mukuyu has a best estimate prospective resource of 20 trillion cubic feet of gas and 845 million barrels of condensate, making it one of the largest conventional discoveries onshore Africa. An appraisal well, Mukuyu-2, is planned for September 2023. Invictus holds 80% interest and operates the project encompassing SG 4571 and Exclusive Prospecting Orders 1848 and 1849 which cover over 360,000 hectares.

In addition to Mukuyu, Invictus has an inventory of leads across the licenses with an estimated prospective resource of over 5.5 billion barrels of oil equivalent. The company is advancing these additional prospects, having completed a 425-km 2D seismic program in 2023.