Invictus Raises A$12.75mm for Zimbabwe Exploration Campaign

AKAP
Jun 5, 2023
3 min read

Invictus Energy has raised A$12.75mm at A$0.12/share after initial target of A$10mm, to support the upcoming Phase 2 exploration and appraisal campaign in Zimbabwe's Cabora Bassa Basin. With a total capital raised of A$35.4mm, Invictus is well-positioned for the Mukuyu-2 appraisal well in Q3’23, following the successful Mukuyu-1/ST1 well that confirmed the presence of light oil, gas, and helium. The expanded appraisal program aims to declare a discovery and pave the way for further development.

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