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Invictus Considers Selling Stake in its Zimbabwe Project

Invictus Energy may sell a stake in its Zimbabwean oil and gas project if appraisal drilling confirms commercially viable discoveries. Last month (May'22), Invictus confirmed helium discoveries along with light oil and gas at its Cabora Bassa Project. They plan to drill a second well, Mukuyu-2, and if successful, aim to bring in new partners for development. Invictus is also considering listing on Zimbabwe's Victoria Falls Stock Exchange (VFEX) to enhance its presence in the country.

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