Invictus Energy Ltd is an innovative exploration and development company strategically focused on unlocking the significant energy potential of the Cabora Bassa Basin in northern Zimbabwe. After acquiring the project in 2018, the company has conducted extensive seismic surveys and drilling activities, culminating in a landmark gas-condensate discovery at the Mukuyu Gas Field in late 2023. This discovery, ranked as the second-largest oil/gas find in sub-Saharan Africa in 2023, represents an estimated 230 million barrels of oil equivalent, positioning the company as a potential game-changer in the region’s energy landscape.
The company’s mission extends beyond exploration, with a clear goal of developing a substantial resource base to supply the rapidly expanding southern African energy market. Invictus has strategically expanded its licence area to a dominant 360,000-hectare position, identifying multiple drill-ready prospects across three licence areas. The high-quality gas-condensate discoveries, characterized by minimal impurities and ideal processing conditions, demonstrate the significant commercial potential of the Cabora Bassa Basin, an area that was previously overlooked by major oil companies like Mobil in the 1990s.
Invictus Energy is actively advancing its commercialization strategy, with several key milestones including strategic partnerships and government support. The company has secured a 19.9% equity investment from Al Mansour Group, formed a joint venture focused on upstream acquisitions, and received National Project Status from the Zimbabwe Government. Additionally, they have signed memorandums of understanding for gas-to-power projects, including a pilot project for Eureka Gold Mine, showcasing their commitment to developing practical energy solutions that can support economic growth in the region.
Join +20,000 subscribers receiving alerts.
Join thousands of investors who rely on StockWire X for timely, accurate market intelligence.
StockWire X delivers fast, reliable, and actionable insights into significant developments across global markets, with coverage spanning technology, biotechnology, healthcare, financials, and emerging industries. Our mission is to provide clear, data-driven content that empowers investors to identify opportunities and make informed decisions ahead of the market.
Our network spans key financial and investment hubs worldwide, ensuring subscribers receive timely updates on market-moving announcements, news, macroeconomic trends, and corporate developments.
Use of Technology
We harness advanced technologies to enhance the speed, accuracy, and relevance of our reporting.
While technology accelerates our workflow, every piece of content is selected, validated, and published by human professionals, in accordance with best practices for accuracy, transparency, and investor value. This hybrid approach ensures speed without compromising editorial integrity.
Feedback and Accuracy
We are committed to accuracy and fairness in our reporting. If you believe any information we have published is inaccurate, incomplete, or misleading, please contact us at admin@stockwirex.com so we can review and address the matter promptly.
StockWire X provides readers with access to market news, educational content, and commentary from financial services professionals, industry experts, and companies (“Contributors”).
StockWire X does not hold an Australian Financial Services Licence (AFSL) and relies on the exemption available under section 911A(2)(eb) of the Corporations Act 2001 (Cth) in respect of any financial product advice provided.
Any advice or information published by StockWire X is general in nature only and has been prepared without taking into account your personal objectives, financial situation, or needs. Before acting on any information, you should consider whether it is appropriate for your circumstances and seek independent, licensed financial advice. You should also obtain and read any relevant Product Disclosure Statement (PDS) or other offer document before making an investment decision.
StockWire X makes no guarantee as to the accuracy, completeness, or timeliness of the information provided, and accepts no responsibility for any loss arising from reliance on it. All content is published in good faith for informational purposes only.
StockWire X may have commercial relationships with some contributors or companies mentioned in our content. Any such relationships will be disclosed where relevant.
If you believe any information we have published is inaccurate, incomplete, or misleading, please contact us at admin@stockwirex.com so we can review and address the matter promptly.
