Australia's Invictus Energy jumps on EIA renewal approval for Zimbabwe project

Invictus Energy

26/07/2022 04:25

** Shares of oil and gas company Invictus Energy Ltd
 IVZ.AX  rise as much as 7.5% to A$0.215, highest since July 18
    ** Company says it has received environmental impact
assessment (EIA) renewal approval for its 80% owned Cabora Bassa
project in Zimbabwe  urn:newsml:reuters.com:*:nASX9k5twK
    ** Stock posts biggest intra-day pct gain since July 18
    ** Company says renewal issued by Zimbabwe Environmental
Management Agency and valid until July 2023, giving IVZ
permission to operate
    ** Renewal enables company to undertake activities in the
field including seismic acquisition and exploration drilling
    ** Company's shares up 60% YTD, as of last close

 (Reporting by Riya Sharma in Bengaluru)
 ((Riya.Sharma@thomsonreuters.com))