Invictus seeks to raise US$10m -Newsday Zimbabwe
Invictus said preparations for the Mukuyu-2 appraisal programme and Cabora Bassa Phase 2 exploration campaign were well advanced.
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Invictus said preparations for the Mukuyu-2 appraisal programme and Cabora Bassa Phase 2 exploration campaign were well advanced.
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Invictus Energy has announced a private Placement to raise $10.0m following the Company’s decision to advance preparations for an appraisal and exploration campaign in Zimbabwe’s Cabora Bassa Basin. The Mukuyu-2 drilling campaign is Scheduled to commence in Q3 CY23.
Upstream oil and gas company Invictus Energy will raise A$10-million in a private placement to sophisticated and institutional investors to fund preparations for the Mukuyu 2 appraisal well programme, and Phase 2 exploration programme, in Zimbabwe. The company has received firm commitments for the placement of 83.33-million new shares, at a price of 12c each,…
Invictus Energy has provided an update on operations at its 80% owned SG 4571 licence in Zimbabwe’s Cabora Bassa Basin. Preparations for the Mukuyu-2 appraisal well have commenced, with drilling currently targeted to commence in early Q3.