Millions wiped off Invictus after Zambezi Valley debacle

The Australia Stock Exchange listed outfit drilled two test wells at its Cabora Bassa claims near Mahuhwe in Mbire, all of which failed to deliver a find.
By Tatira Zwinoira Mar. 24, 2023

Zesa mulls US$4bn gas-fired plant

In a separate prospectus sent to investors this week, Invictus said it had secured firm offtake agreements for its gas.
By Mthandazo Nyoni Mar. 24, 2023

Optimistic Invictus opts to keep oil rig one year more

Invictus has indicated that despite the setback, it is confident that substantial resources could still be found in Zimbabwe.
By Sydney Kawadza Mar. 17, 2023

Invictus upbeat over Cabora Bassa investor interest

The company ceased operations on the wells last month, citing “unsuitable” and “not feasible” conditions.
By Mthandazo Nyoni Feb. 28, 2023

No oil discovery as Invictus ceases operations on Mukuyu-1

It said the Exalo Rig 202 would be warm-stacked for maintenance and modifications before more drilling at Mukuyu-2 or Baobab-1 this year.
By Mthandazo Nyoni Jan. 4, 2023

Invictus hunts for new chairperson

“The board has commenced a global search for suitable chairperson candidates and anticipates an appointment to the role in the first quarter of 2023,”
By Mthandazo Nyoni Dec. 7, 2022

Zim gas explorer optimistic as well reaches 4km

The asset portfolio lies in the highly prospective 360 000 hectares Cabora Bassa basin in Zimbabwe’s Zambezi Valley.
By Sydney Kawadza Nov. 25, 2022

Invictus raises US$32m in capital funding

Invictus has managed to attract investors while also implementing several capital-raising initiatives.
By Tatira Zwinoira Nov. 1, 2022

Invictus in potential hydrocarbon findings

Invictus reported that it had reached the second phase of drilling several hundred metres and identified hydrocarbons at a width of 12 ¼”.
By Tatira Zwinoira Oct. 27, 2022