Invictus Energy Ltd (ASX:IVZ)

ALERT: Price-sensitive ASX Announcement for IVZ

Current share price for IVZ : $0.060 -0.007 (-10.45%)⁺

Announcement

Quarterly Activities/Appendix 5B Cash Flow Report

Release

30 Apr 2026 12:48PM

Price at Release

$0.067

Full Release

Summary

Invictus Energy Ltd, an independent oil and gas company with operations in Zimbabwe, reported its quarterly activities and Appendix 5B cash flow for the period ending 31 March 2026. The company is preparing for a high-impact drilling campaign at Musuma-1, expected to commence in the second half of 2026. A Petroleum Production Sharing Agreement is nearing completion, marking a significant milestone for operations in the Cabora Bassa Basin. The company secured AU$10 million from a successful Placement and is exploring new strategic partnerships. Environmental permits have been renewed, facilitating ongoing exploration activities. Financially, Invictus reported net cash outflows from operating and investing activities, ending the quarter with AU$3,074,000 in cash and cash equivalents.

Key Points

Preparation for Musuma-1 drilling campaign to commence H2 2026.
Cabora Bassa Petroleum Production Sharing Agreement awaiting execution.
Successful AU$10 million Placement from investors.
Ongoing discussions with new strategic partners.
Environmental Impact Assessment renewed for seismic and exploration activities.
Mukuyu Gas Field discovery transitions company from explorer to developer.
Net cash outflows in operating activities of AU$859,000 for the quarter.
Investing activities saw net cash outflow of AU$539,000.
End-of-quarter cash and cash equivalents at AU$3,074,000.

IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.